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MAC Trustees to consider tax rate, budget

The budget for 2005-06 and the tax rate to help fund it will be set Thursday when the Mineral Area College Board of Trustees meets in regular session. Their meeting will be at 4:30 p.m. in the board room at MAC.

A public hearing on the tax rate will be held in the board room at 4:25 p.m. The rate is 46 cents per $100 assessed valuation. That’s the same rate as last year because the rate cannot be changed without the taxpayers voting on it.

“By law, we have to have a hearing on the tax rate,” explained Dr. Terry Barnes, MAC president. “The current rate will increase our revenue by 2.9 percent because our assessed valuation has increased.”

He said that shows the MAC taxing district is growing more prosperous.

The trustees are expected to set the tax rate during their regular meeting which follows the hearing.

The board will consider a budget plan that calls for spending just over $22 million in 2005-06. Part of that revenue will come from a $2 per credit hour increase in tuition already approved that takes effect with the fall semester. Students who live within the MAC taxing district will pay $72 per credit hour. Students who live outside the district will pay $96 and out-of-state students will pay $118 per credit hour.

Also on the agenda are changes in the nursing program policy that would require all nursing students to submit to a criminal background check and random drug testing. In addition, the college will consider moving up the deadline for applications to be received for the program from its current time period of August to February to an August to December deadline.

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