During its July 19 meeting, the Garden City Community College Board of Trustees adopted a resolution to exceed the Revenue Neutral Rate for the college mill levy.
The college intends to approve a levy of 25.455 mills, exceeding the RNR of 22.553. The mill rate will remain unchanged and flat for fiscal year 2023.
GCCC administration recommendation the college notify the county clerk of intent to exceed the Revenue Neutral Rate by July 20, 2022, as defined within state statute of SB 13.
A tax rate and budget hearing is set for 6 p.m. Aug. 23 in the Endowment Room in the Beth Tedrow Student Center.
In 2021, Senate Bill 13 was passed, essentially passing what is termed a Revenue Neutral Rate (RNR) for taxing entities.
Within the bill, language defines the process for taxing entities when establishing and setting the annual budget.
By July 20th of each year, the taxing entity must inform the county clerk of intent to exceed the RNR.
GCCC Administration informed the board that if action is not taken to exceed the RNR, the college budget could have a negative impact when the final assessed valuation comes in November.
In other business, the Board heard program reviews for the Human Resources department and the College Assistance Migrant Program (CAMP); and held an executive session after which no action was taken.
The next meeting of the Board of Trustees is scheduled for 6 p.m. Tuesday, Aug. 23 in the Endowment Room in the Beth Tedrow Student Center.