VC proposes slightly lower tax rate
The Victoria College Board of Trustees proposed a slightly lower tax rate for the 2011 tax season at a special meeting Monday.
The current tax rate is .1534 cents, which would generate $79,010 more than budgeted for VC. The proposed lower rate of .1531 cents will generate $65,149 above budget.
"We're trying to create the best budget that we can so the taxpayers' dollar will go as far as it can," said VC President Tom Butler.
The owner of a $100,000 home at the current rate would pay $153.40 before exemptions. At the proposed rate the same owner would pay $153.10.
The decrease is possible because of higher appraised property values in the area.
The board will adopt a final tax rate in September.
The board also approved Raymond Starr, a retired professor from San Diego State University and author, as a member of the Museum of the Coastal Bend Advisory Board.
In other news, the board approved the participation in a local economic impact study by the Idaho-based economic modeling company EMSI.
The study is being done at the state level among community colleges. The board opted also to have the study done at the local level and will pay $6,000. The information will be available in the next few months and will be used for grant purposes.