Although enrollment flat, College to receive $896,100 in new tax revenue and $608,500 in new tuition revenue ($1,504,600) –– Total tax revenue going to the College next year is $50,628,300; total tuition is $11,355,000; $4 million windfall to be banked
After surveying the Yavapai Community College Governing Board members at the April 2018 meeting, the College Administration has enough votes to increase the County property tax rate by at least 2%. In February 2018 the Board had voted 4-1 (McCasland dissenting) to increased tuition by 5%. The increases will generate at least $1,504,600 in new revenue flowing to the College.
The increases will be approved despite the fact that the College received a windfall of $4 million from the sale of its teaching facilities at the Prescott library. It was once hoped that Yavapai College and Northern Arizona University would jointly operate the three-year experimental degree program at the library. However, those plans evaporated when NAU hired a new president. Per an agreement with the town of Prescott Valley the $4 million investment by the College in the town library is being returned.
