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NOTICE OF TAX REVENUE INCREASE


Posted: July 31, 2019

McLennan Community College conducted public hearings on August 14, 2019 and August 19, 2019 on a proposal to increase the total tax revenues of McLennan Community College from properties on the tax roll in the preceding year by 6.08 percent.
The total tax revenue proposed to be raised last year at last year's tax rate of $0.147696 for each $100 of taxable value was $26,650,575.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.147696 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $27,292,498.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.147696 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $27,779,255.
The Board of Trustees of McLennan Community College
is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on August 27, 2019 at The Northwood House at McLennan Community College, 1609 College Dr. Waco, TX 76708.
The Board of Trustees of McLennan Community College proposes to use the increase in total tax revenue for the purpose of offsetting limited state revenues, unfunded state mandates, and maintenance of the College's infrastructure.