NICC proposing property tax decrease
Monday, January 28, 2013 8:51 AM
Northeast Iowa Community College (NICC) is proposing a property tax decrease for fiscal year 2014.
At last week's NICC Board of Trustees meeting, NICC Director for Finance Tom Ridout presented the estimated budget for fiscal year 2014. It calls for the property rate to be reduced from 99 cents per $1,000 of assessed evaluation for fiscal year 2013 to 93 cents for fiscal year 2014.
Sources of revenue for NICC and the projected percent of total revenue for fiscal year 2014 include student fees and tuition (57 percent), state of Iowa (31 percent), local property tax (7 percent), miscellaneous revenue sources (4 percent), and federal support (1 percent).
A 3.35-percent increase in the operational budget is projected. The general fund budget for fiscal year 2014 is estimated at $52,665,102. A public hearing on the budget is Monday, Feb. 18, at 3 p.m. in the boardroom at the NICC Peosta campus.
Preliminary enrollment figures of the spring 2013 term showing a decrease of 1.9 percent in headcount and 2.02 percent in credit hours were shared with trustees by Dr. Kathy Nacos-Burds, vice president for academic affairs.
The Board also heard a report on the reorganization of the student services department including the hiring of Jane Boge as enrollment specialist at the Peosta campus and the appointment of Sherry Massman in the same position at the Calmar campus. Dr. Linda Peterson, vice president for student services reported Karla Winter was appointed district-wide registrar and Sheila Becker director of advising, registration and persistence.
Vice President for Finance John Noel updated Board Members on two projects at the Calmar campus-the Dairy Center robotics milking project and the upgrade for the waste management lift station.
The Trustees approved holding public hearings on these projects at the next Board meeting Feb. 18 in Peosta. Noel also recommended bid awards for six new Ford Fusions for the NICC driver's education program to Klimesh Motors in Calmar at a total cost of $106,590, for a portable fume hood for science lab classes in Peosta to AirClean Systems in Raleigh, NC for $14,976 and for a hydraulic training system for the industrial maintenance program at the Peosta campus to Mid-West 3D Solutions, LCC in Boone for $14,965.