AUSTIN (KXAN) — The Austin Community College $406 million budget for the 2019-2020 year includes a three-percent cost of living raise for staff, property tax exemptions and tuition discounts for distance education.
The new budget, effective September 1, reflects a 5.7% increase from 2018-2019, which accounts for expanded operations at ACC Highland, newer equipment and the three-percent cost of living raise for employees.
ACC Highland is scheduled to open in fall 2020.
Trustees voted back in May to keep tuition and fee rates for in-district students the same, and approved lower rates for distance education courses by the following:
- $75 per credit hour for out-of-district students
- $81 per credit hour for out-of-state and international students
Here’s the budget’s funding breakdown:
- 19% of the college’s revenue comes from tuition and fees
- Property taxes are expected to make up about 60 of ACC’s total revenue
- About 16 comes from state appropriations
Trustees approved a standard $5,000 exemption for all homeowners and an additional homestead exemption is also available for seniors with disabilities totaling $160,000.
“Affordability is a large and growing concern,” said Gigi Edwards Bryant, ACC Board of Trustees chair. “I am proud we can approve a balanced budget that takes care of our students’ needs and provides competitive salaries for all employees.”