Austin Community College said at its Board of Trustees meeting on August 5, it is considering a new tax rate of 0.1013 cents per $100 valuation.
AUSTIN (KXAN) -- Austin Community College said at its Board of Trustees meeting on August 5, it is considering a new tax rate of 0.1013 cents per $100 valuation.
If the proposed rate is formally approved at the September meeting, it would not increase the average property tax bill.
ACC said the reasoning behind the new tax rate was that it would help support the adopted 2025 fiscal year budget.
This comes after the ACC Board of Trustees approved a $534 million budget, of which 67% percent of its budget comes from the property tax revenue.
ACC said earlier this summer it also saw an increase in fall enrollment after it started offering free tuition.
According to ACC, the new budget cycle will begin on September 1. You can learn more about Austin Community College's budget and tax rate online.
