TJC Due to Adopt Budget, Tax Rate

TYLER — The Tyler Junior College Board of Trustees today is set to adopt its 2010-2011 budget and tax rate during an 11:00am meeting. Trustees propose to increase total tax revenues from properties on the tax roll in the preceding tax year by 33.57%. College officials point out that your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. As KETK explains, if the tax increase passes, it will go toward paying back $28 million taken out by the board last year for maintenance tax notes. The public’s reaction to the tax hike proposal has been sharply mixed.