A public hearing is scheduled on May 26 | Adobe Stock
A public hearing is scheduled on May 26 | Adobe Stock
The Chippewa Valley Technical College has approved an initial draft of the 2022-23 budget calling for an 18.65 percent decrease from the 2021-22 budget.
All told, WEAU.com reports that the budget calls for total expenditures of $113,970,259 million, with the decreases largely due to the completion of these two referendum projects.
The website adds, “the proposed budget funds the opening of the new Transportation Education Center and expansion and remodel of the Emergency Services Education Center while providing for increasing enrollments all while holding to a reduction in the property tax. General fund revenues are projected to be $58,876,816, up 2.03 percent from 2021-22.”
Vice President of Finance and Facilities Kirk Moist is singing the praises of all those involved.
“The College has come through the pandemic with stable results as enrollments dipped slightly in 2021 and have rebounded in 2022,” he said. “With the help of Higher Education Emergency Relief Funds (HEERF) and stable resources from tax levy and state aid we are well-positioned for the future with our new spaces.”
CVTC states in their media release, “An estimated six percent increase in property values accounts for a drop in the tax rate from $81.09 per $100,000 of property value to $75.72. The proposed tax levy – the amount collected throughout the CVTC district for support of the College – is $23,997,604, down one percent from the previous year.”
A public hearing is scheduled on the matter on May 26, beginning at 5:30 p.m.
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