Texarkana College Board Meets Today for Tax Discussion

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A public hearing is set today at Texarkana College to discuss a proposed Tax increase, 2500 N. Robison Road, Texarkana, Texas.

Texarkana’s Board of Trustees will meet at 11:30 a.m. in the Truman Arnold Student Center’s Pitman Room.

The current tax rate is $0.118115 per $100 in taxable value. The proposed rate is $0.123081 per $100 of taxable property value.

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If approved, the increase will generate $300,000 for the general budget and will be used to help repay $10 million in municipal bonds the college took in February for campus improvements, such as: compliance with the Americans With Disabilities Act, renovation of the college’s out-of-date Health-Science Building and Biology Building, upgrading the heating and cooling systems and improving parking lots.

The previous tax increase in August 2017, yielded $340,000 for the 2017-18 budget due to an adjustment of only $0.110718 to $0.118115. A rate increase of 0.007397¢ pre $100.

A second hearing will be held at 11:30 a.m. Aug. 19 in the Patman Room, then Trustees will then vote on the tax rate during their regular meeting at TC Aug. 26.

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