The Weatherford College Board of Trustees unanimously approved the the 2017-18 budget and tax rate during a special meeting Friday afternoon.
At a total of $53,910,559, the budget will be funded via a Parker County ad valorem tax rate of 11.948 cents per $100 evaluation and tuition rates remain unchanged for the fourth year in a row.
The average ad valorem tax rate for Texas community colleges in 2016 was 18.205 cents, which placed WC as the ninth lowest in the state. Dr. Andra Cantrell, WC’s Executive Vice President for Financial and Administrative Affairs, said WC may drop to the eighth lowest for 2017.
“Currently, the average community college share of the total property tax bill for Texans is less than 5 percent,” she added.
The most significant addition to the budget for the 2017-18 academic year is the replacement of the college’s business and student information system, a much needed technology upgrade as enrollment of the college continues to grow, Cantrell said.
The 2017-18 budget includes $550,000 for the first year of a multi-year lease and installation of the enterprise resource system plan and approximately $269,176 for other technology upgrades.
“With the concern that there would be a minimal increase in funding from state appropriations for the 2018-19 biennium, the administration, faculty and staff of Weatherford College approached the development of the 2017-18 budget very conservatively from the beginning of the budget development cycle,” Cantrell said. “At the end of the day, we are very proud of the budget that has been developed with student success as the highest priority.