Alvin Community College regents proposed a 2020-21 fiscal year tax rate during their meeting on August 13.
The proposed rate of 18.34 cents per $100 of property value is a 7.68 percent increase over the No New Revenue tax rate. The rate proposed is the Voter Approval Tax Rate consisting of the Maintenance and Operations rate of 17.058 cents and the debt rate of 1.29 cents.
A tax hearing will be held virtually on September 17 at 5:30 p.m. before the rate can be approved.
Regents also voted to approve the 2020-21 fiscal year budget during the meeting. Regents reviewed the $36.7 million budget in several meetings and workshops prior to the August 13 vote.
In other action, the board unanimously approved an updated compensation plan for employees. The plan included a two percent salary adjustment for ACC employees who have a satisfactory performance.
The plan was approved after a year-long compensation study was conducted by Evergreen Solutions.
-approved eight annual goals for President Dr. Christal M. Albrecht
-approved Board Policy Update 39 affecting local policies
-approved annual purchasing contracts
-approved cooperative purchasing agreements for 2020-21 fiscal year
-approved purchase of GE Ulstrasound units
-approved monthly financial reports
-approved investment policy
The board will have its next meeting virtually on September 17 at 6 p.m.