Alamo Colleges District Adopts New Tax Rate

THE ALAMO COMMUNITY COLLEGE DISTRICT ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 0.62 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $0.67. The referenced tax rate to be effectively raised by 0.62 percent is the maintenance and operations component of the Combined No-New-Revenue tax rate. The adopted Combined tax rate will exceed the No New Revenue tax rate by 0.86 percent and will raise combined taxes on a $100,000 home by approximately $1.28.