Nicolet College - Nicolet proposes less than 1% budget increase; public hearing June 15
Less than 1 percent budget increase proposed
for Nicolet College; public hearing June 15
Nicolet College is proposing a less than 1 percent total budget increase for the 2010-11 academic year, said Elizabeth Burmaster, Nicolet College president.
“These are still challenging economic times for everyone and Nicolet is no different,” Burmaster said. “Through reorganization over the past 11 months we’ve been able to make cuts and gain efficiencies, doing more with less, resulting in a very modest proposed budget.”
Burmaster noted that a record number of students – more than 750 – graduated from Nicolet in May. Enrollment is expected to be up over 10 percent when numbers for some ongoing class areas are finalized over the next few weeks. Officials expect about the same number of students to enroll in 2010-11. With these greater numbers come increased expenses.
“It’s a challenge to provide a high quality college education to Northwoods students while limiting taxes as much as possible,” she explained. “But I think we accomplish that with this budget.”
The proposed 2010-11 budget totals $33,853,283 as compared to $33,615,087 in 2009-10 - a less than one percent (.71) increase. The budget, which was built on a projected 2 percent decrease in property values in the Nicolet district, calls for a mill rate of 1.11. This would result in a total tax of $111 on a home and property valued at $100,000. The total 2010-11 property tax levy would be $20,680,328, a 3.09 percent increase over last year.
The mill rate is made up of two components: operational costs and debt service. The operational portion of the mill in the proposed budget is .98, one of the lowest of all 16 technical colleges in the state. Under Wisconsin law, technical colleges have the authority to levy an operational mill rate up to 1.5.
“Nicolet’s low mill rate is a testament to how serious the college and board are to keeping taxes in the district as low as possible,” Burmaster added.
The college will hold its annual budget public hearing at 5 p.m., Tuesday, June 15, in the Fireside Room in the University Transfer Center on the Rhinelander campus. The Nicolet College Board of Trustees will meet after the hearing to act on the proposed budget.
- posted Tuesday, June 1, 2010