STC Board Votes to Save Taxpayers $1.3 Million Through New Tax Rates
· Texas Border Business
The South Texas College Board of Trustees held a special meeting to approve new tax rates aimed at saving taxpayers approximately $1.3 million over the years. The property tax rate remains at $0.1620 per $100 taxable value, while the maintenance and operations rate stays at the maximum approved rate of $0.14. STC officials stated that the additional revenue will help reduce future debt. Despite recent successes in increasing dual credit hours and workforce training, the college anticipates a $6.5 million shortfall due to state funding changes. The new tax rates will take effect in fiscal year 2027.
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