YAVAPAI COMMUNITY COLLEGE DISTRICT GOVERNING BOARD LIKELY TO APPROVE 5% COUNTY PRIMARY PROPERTY TAX RATE INCREASE AND $18 MILLION IN NEW CONSTRUCTION FOR THE WEST SIDE OF THE COUNTY AT MAY 16 PUBLIC HEARING

College says it needs about  $2.5 Million in new Primary County Property Taxes for it 2023-2024 budget and will not invade any of the millions in its cash reserves

The upcoming meeting of the Yavapai Community College District Governing Board on May 16 on the Prescott Campus is expected to result in the approval of a 5% county-wide tax rate increase. With a majority of the five-person Board living on the west side of the County,  the decision seems all but certain.

A further indication of the likelihood of the tax rate being approved is the lack of any serious opposition coming from Board members in previous meetings where the increase was proposed by the administration. Based on this lack of serious opposition, it appears that the Board is in agreement with the need for a tax rate increase to support the College’s initiatives.

Moreover, sparse public attendance at past rate hearings suggest that the public may not be particularly interested in the matter, making it likely that only a handful of taxpayers will appear at the May 16 public tax hearing and  voice opposition to the increase.

At prior meetings, the Community College justification for a tax rate increase has rested on arguments about inflation and the fact that it has not requested an increase in the past four years. The College argues that these justifications support its view that it is making a responsible decision to maintain its funding levels and continue providing quality education to its students.

In addition to the proposed tax rate increase, the Board will be tasked with approving over $18 million in new permanent construction, which is set to exclusively benefit the west side of the County. The largest allocation of funds, around $15.3 million, will be spent over a three-year period to renovate Building 19 on the Prescott Campus. Another portion of the funds, amounting to $3 million or more, will be allocated to build a small faculty village consisting of ten homes just outside Prescott Valley. These proposed projects represent a significant additional investment in the College’s infrastructure on the west side of Yavapai County.

The Administration has also indicated it is reluctant to invade millions of dollars it is holding in its reserve accounts as this may affect future capital construction plans.