COMMUNITY COLLEGE IS ASSUMING A 2% TAX RATE INCREASE IN COMING YEAR

Follows on the heels of a 5% tax rate increase approved by District Governing Board in May 2023

Yavapai Community College Vice President of Finance and Administrative Services announced at the November 26 District Governing Board meeting that the administration will ask for a two percent tax rate increase in 2024. The increase is needed, according to Dr. Ewell, to help provide funds for an estimated $3.36 million in additional revenue. If approved, the tax rate increase will add about one-third of the additional revenue the College says it needs.

If approved in May 2024, this will result in a total increase of seven percent in local property tax rates over two years that is associated directly with the College. This past May, the District Governing Board approved a 5% property tax rate increase. The administration also announced that it was seeking approval for a five percent tuition increase.