REVISED MASTER PLAN SENDS ONLY 13.6% OF DEVELOPMENT FUNDS TO VERDE VALLEY

Reduces capital development expenditures from $103.5 million to $76 million; Verde gets 13.6 percent for development while supplying about 30% of tax revenue

The Yavapai Community College revised master plan was unanimously approved at the March 7, 2017 Governing Board meeting. Under the revised plan, the amount intended for the Verde Valley goes up from less than 4% in the original December, 2013 plan to 13.6%.  The new plan has also been extended from 10 years to 14 years.

The College intends to spend or has already spent $65.6 million on the west side of the County for renovation and new construction. Because citizen advocacy saved the Sedona Center from being placed on the auction block and sold by the College, it is now improving that facility by spending $6.6 million. It also anticipates that some point spend about $3.8 million on redoing building “L” on the Verde campus.

The largest amount of savings came from reducing the size of the Prescott Valley project. According to VP Clint Ewell, this decision saved about $33 million.

Despite the increase in spending for development on the East side of the County, those taxpayers are still coming up short.  After all, they provide about 30% of primary tax revenue each year for the College.

The complete report to the Governing Board by VP Clint Ewell, which runs about 11 minutes, can be viewed below.