WISCONSIN RAPIDS, WI (WSAU) - The Mid-State Technical College Board finalized their 2012-2013 tax levy at Monday night’s board meeting.
The Board of Directors passed a 20-million 589-thousand dollar budget, which breaks down to an overall mil rate of $1.75 per $1,000 dollars of equalized property value in the 97 municipalities served by MSTC. Taxpayers living in the MSTC District will see a real dollar increase of $5.40 on a $100,000 home. MSTC Board of Directors is required to certify the tax levy for the current fiscal year and notify municipalities by October 31.
MSTC held the operational component of the levy constant at $16.3 million in accordance with the second year of the state-wide operational levy freeze. An additional $98,000 will be levied for the college’s annual debt service payments over last year, which is less than one-half of a percent increase.
The college is currently funded at levels not seen since the 1980s as a result of the tax levy freeze and sizeable cuts in state funding for education. The college reduced the overall budget by $2.3 million last year alone.
MSTC serves nearly 9000 people each year through campuses in Marshfield, Stevens Point and Wisconsin Rapids, and a learning center in Adams.