Casa Grande Dispatch
The Central Arizona College Governing Board will consider approval Tuesday of a $105 million budget for the 2015-16 fiscal year including a property tax increase of nearly 85 cents per $100 of net assessed valuation.
The action will follow a public truth and taxation hearing at 6 p.m. at the college’s Signal Peak Campus.
Last month, college officials unveiled the budget, which calls for increasing the tax rate to $2.76 — the maximum limit the college can ask for without seeking a voter-approved budget override. The increase would mean an extra $85 per year per $100,000 of home value.
The change, which would be a 44 percent increase from the current year’s $1.91 per $100 net assessed valuation, is expected to generate $56.7 million for the college and represent 14 percent of the distribution of Pinal County property tax revenue.
