Odessa College board holds tax hearing on higher rate

The Odessa College Board of Trustees held a public hearing Tuesday on their proposed higher 2021 tax rate. The rate will be voted on during the board’s next regular meeting at 6:30 p.m. Sept. 27 in the Zant Room of the Saulsbury Campus Center.

No one from the public attended Tuesday’s hearing.

The proposed rate is .201723 per $100 valuation and the 2020 rate was .188965 per $100 valuation. The rate that would have triggered an election is .214653 per $100 valuation and the rate needed to bring in the same tax revenue as last year is .197289. It is now called the no new revenue tax rate.

The total budget for this year is $74,588,865, which includes $53,223,726 in unrestricted funds and $21,365,139 in restricted funds.