MSTC Budget Calls for Flat Taxes

June 18, 2013

From voiceofwr.com: “MSTC Budget Calls for Flat Taxes” — GRAND RAPIDS — Mid-State Technical College Board of Directors adopted June 17 a budget $700,000 less than in 2012, according to a press release from the college.

The reduction will allow property taxes for the college to remain flat because of a projected 1 percent drop in equalized value of the district.

The budget, which takes effect July 1, for the technical college is $28.8 million and reflects financial challenges that are an issue across the county, said Nelson Dahl, vice president of finance, in the release.

“We once again trimmed operational costs and reduced positions in a manner that sustains the necessary environment for student success,” he said.

The budget allows the college to invest in a few areas that benefit students, enrich communities, and enhance local business and industry.  These operational and capital investments include additional high-demand course sections, relocation to a new Stevens Point Campus, a new Gerontology program, a fire training facility in Wisconsin Rapids, and a stainless steel welding lab in Marshfield.

The college’s mill rate is projected to remain at $1.74 per $1000 of equalized valuation. MSTC’s budget calls for a $170,591 reduction in property taxes in 2013-14.

“The proposed budget’s real dollar impact on area taxpayers is expected to be $173.76 on a $100,000 home, a slight increase of just 30 cents,” Dahl said.

Dahl added that MSTC still poses a considerably lower impact than other taxing authorities because the college serves a broad tax base of 97 municipalities in all or parts of Adams, Clark, Jackson, Juneau, Marathon, Portage, Waushara and Wood Counties.

He also noted that the college has adopted three key results—student success, organizational effectiveness, and employee engagement—that are designed to set clear direction for the college.  The budget process also aligns with the Board of Director’s strategic directions, administration goals, and college unit objectives.

“The college’s new key results help establish our work priorities and were consequently useful in shaping the 2013-14 operational budget,” Dahl said.

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