Monday, August 21, 2017

KC trims budget, maintains tax rate - James Draper, Kilgore News Herald

Kilgore College has managed to shave a little bit more off its expenses: the school’s trustees on Monday unanimously-approved a $42.83 million operating budget for Fiscal Year 2018. The nine elected officials also held their course on the community college’s tax rate, voting 9-0 to maintain the current rate of 17.5 cents per $100 valuation. It will raise an estimated $6.2 million of the balanced budget’s revenues from KC tax base of $3.65 billion. “Kilgore college has not increased its tax rate since December of 2015,” Dr. Brenda Kays noted Monday night. “We know that we live in a time when tax rate increases are not looked upon favorably by our constituents.” http://www.kilgorenewsherald.com/stories/kc-trims-budgetmaintains-tax-rate,114960