The Maricopa Community Colleges governing board will consider raising property taxes at a public hearing June 14.
About 60 percent of the district’s operational budget is generated by property taxes. The increase in primary property taxes that is under consideration would result in $101.23 taxes on a $100,000 home, as compared to $98.28 per year if the district did not maximize its levy, a difference of $2.95. The proposed 3 percent increase would produce an estimated $11,355,169 in revenues.
District officials say the additional revenues are needed to support a projected student enrollment of 270,132 at the 10 community colleges and two skill centers. Priority needs include additional faculty, student support, faculty and staff compensation, operating support for new buildings and other inflationary adjustments.
The publicly elected five-member governing board will meet 6 p.m. June 14 at the Maricopa Community Colleges District Office, 2411 W. 14th St., Tempe. Any increase would take effect on July 1.
Budget data can be found at http://www.maricopa.edu/business/budget/fy12bgt/FY12legalbudget.pdf