(KLZA)-- Members of the Southeast Community College Board of Governors met in Falls City Tuesday at the Falls City Learning Center.
The Board approved a preliminary 2023-24 budget earlier, calling for a maximum general -fund tax levy of 9.25 cents per $100 of assessed valuation as the organization transitions to the new Community College Future Fund model.
Following feedback during forums, from state senators and other community leaders, the Board approved advertising a budget that includes a reduction from the maximum of 9.25 cents to 8.5 cents, reprsenting a rate closer to the mid-point between the 7.5-cent minimum CCFF rate and the maximum 9.25 rate for SCC.
The reduction would be a savings of $6.1 million and more each year thereafter to the CCFF. If given final approval, the 8.5-cent levy would result in a general fund budget of $114,300,722 and a todal budget of $351,562,262.
Final action on the tax levy rate will be during the Boards September 26 meeing at the Milford Campus.
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