MCC Board of Trustees approve 2024 budget

Aug. 30, 2023

During last night’s monthly meeting, McLennan Community College’s Board of Trustees approved a new budget for the 2024 fiscal year and a tax rate of $0.128509 per $100 in property value, which is a decrease of 7.597% from the College’s current rate. The Board of Trustees approved a 7.1491% decrease in the tax rate last year and since 2010 has decreased the tax rate by nearly 18%.

In 2023, the average home value in McLennan County increased by 11.88% to $202,222 (after exemptions). For a home valued at $202,222, the new tax rate approved by McLennan Community College Board of Trustees will result in a monthly tax increase of $0.71 or an additional $8.49 per year.

Additionally, the Board approved a balanced budget that prioritizes the College's operational needs and includes increased funding for technology. There will also be projects aimed at improving classroom safety and communication with current and new students.

According to the most recent information provided by the Texas Higher Education Coordinating Board, state appropriations for the College for fiscal year 2024 will be $13,526,366, a 14% increase compared to 2023 due to a new funding formula approved by the State's Legislators in July.

Fall 2023 enrollment at MCC has increased by 10% compared to last Fall, reaching a total of 7,392 students as of the seventh day of classes. Students may still enroll in courses at MCC this fall with the College’s 8-week course sections. Registration for Second 8-Week courses continues through Oct. 15 for classes beginning Oct. 16. Current McLennan students may register 24 hours a day, seven days a week through MyMCC. New students should visit www.mclennan.edu/admissions/become-a-student/index.html to learn how to become a student at MCC.