Notice of Tax Revenue Increase

Texarkana College conducted public hearings on August 13, 2018 and August 20, 2018 on a proposal to increase the total tax revenues of Texarkana College from properties on the tax roll in the preceding year by 2.65 percent.

The total tax revenue proposed to be raised last year at last year’s tax rate of $0.118115 for each $100 of taxable value was $5,410,721.

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.118115 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $5,539,250.

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.118115 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $5,615,924.

The Board of Trustees of Texarkana College is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on August 27, 2018 at the Patman Room of the Truman Arnold Student Center, 2500 N. Robison Rd., Texarkana, TX 75599 at 11:30 am.

The Board of Trustees of Texarkana College proposes to use the increase in total tax revenue for the purpose of Maintenance & Operations.