Regents approve new tax rate
Mark Young myoung@foghornnews.com Regents passed one of the highest combined tax rates in nearly five years at their Sept. 12 board meeting, and also censured Regent Guy Watts for a fourth time. The new tax rate will see a maintenance and operations tax rate of $0.205700 per $100 valuation and a rate of $0.053463 per $100 valuation for the college’s debt service budget, to cover the new building projects. This tax increase comes shortly after a 9 percent increase in the overall budget, accounting for salary raises, new projects on campus and extra costs associated from increased enrollment. Overall the…