The Odessa College Board of Trustees will consider approving the 2022 tax rate at their meeting set for 6:30 p.m. Tuesday in the Zant Community Room in the Saulsbury Campus Center.
The proposed rate is .188643 per $100 valuation. That’s a decrease of 6.5 percent over last year’s tax rate.
Last year’s tax rate was .201723 per $100 valuation.
The 2022 no new revenue rate is .177210 per $100 valuation. The no new revenue rate, previously known as the effective rate, is the tax rate you’d have to assess to receive the same amount of revenue as the previous year.
At a Sept. 20 workshop, Board Chair Gary Johnson said most of the valuations this year came from minerals and new construction.
Two tax rate hearings were held, but no one from the public attended or spoke.
Trustees also will consider a tax abatement for GCC, which produces cement, concrete, aggregates and innovative products for the construction industries in Mexico, the United States, Latin America and Canada, its website said.
Also on the agenda are:
>> Consider and approve First Basin Credit Union naming agreement.
>> A continuing education update.
>> Institutional effectiveness report.
>> Vision 2030 plus update.
>> The president’s report includes the Drive to Success Kickoff; Wrangler Round-Up; 30 for 30 Fitness Challenge; and the Permian Basin Fair.
