Yavapai College budget reveals no increase in property tax
$86.2M budget about $1.3M less than last year
Updated as of Friday, May 17, 2019 11:45 PM
Property taxes derived from Yavapai College District will not go up next year, according to a May 14 news release from the college following its budget hearing.
The district governing board adopted the proposed Fiscal Year 2019-20 budget totaling $86.2 million on May 14.
“The adopted budget does not include an increase in property taxes for the residents of Yavapai County during the new fiscal year,” states the news release by Tim Diesch, senior public information officer.
The primary tax rate is projected to decrease from 1.7584 per $100 of net assessed property value to 1.6883 per $100 of net assessed property value. The budget is about $1.3 million less than last fiscal year, primarily because of reductions in the long-term capital improvement plan.
The new adopted budget also includes a $700,000, or 14.2 percent decrease in secondary property tax levy for county residents.
Tuition increased an average of 5 percent per student credit hour for in-state students and remained the same for out-of-state students.
The college will offer a 25 percent discount for senior students beginning with Fall 2019 classes, and 20 percent discount to full-time students taking 15 credits. This places Yavapai College as the lowest-priced provider of quality higher education in Arizona for full-time students.
The college also offers full tuition reimbursement to GED and high school students who complete their degree within two years.
The college operates about 9 percent below the national community college average in operating costs per student. Operating costs are above Arizona peer average for a variety of reasons, the release states, which include the academic mix of non-credit and career and technical education programs, the geography, and facility maintenance.
The budget serves the entire district with all six Yavapai College locations.
A major construction project on the Verde Valley campus will renovate Building L and lead to adding new programs that include Advanced Manufacturing, Allied Health, and Emergency Medical Services with paramedicine and home health care. The building is expected to be finished by the fall 2020 semester.
The budget is available online at www.yc.edu/budget.