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WC Board approves 2015 tax rate, budget

wc.edu

The Weatherford College Board of Trustees approved the 2015-16 budget and tax rate during a special called meeting Thursday afternoon.

Standing at $56.4 million, no changes were made to the budget by college administration since early August. A full copy of the budget is available on the WC website at https://www.wc.edu/wc-budget.

Main sources of revenue for the budget includes state appropriations which make up nearly $9 million of the budget, student aid at $13.4 million, tuition and fees $11 million and local taxes at almost $14.8 million.

The 2015 tax rate was approved by the board at 11.364 cents per $100 of valuation. This is a decrease from the 2014 rate of 11.464 cents. Two public hearings were held prior to the tax rate vote.

The 2015-16 fiscal year begins Sept. 1, 2015.