Nicolet College - Nicolet College maintaining quality with fewer resources
Nicolet College maintaining quality with fewer resources
Posted June 15, 2011
The Nicolet College Board of Trustees passed the 2011-12 Budget Tuesday that takes into account an expected drop of $509,000 in state aid to the college and declining property valuations for the past two years.
“Everyone at Nicolet is committed to maintaining a high degree of educational excellence with fewer resources,” said Nicolet College President Elizabeth Burmaster. “The constant challenge for us is to deliver high quality education and workforce development while limiting tax increases.”
A decrease of nearly $600,000 in operational expenses will be realized through greater efficiencies and staffing reductions at the college due to retirements. Retirements will account for the elimination of 9.8 full-time positions, with core duties of these retirees being assigned to other staff, she added.
“Economic recovery in the region isn’t coming as quickly as hoped and that means we have to make cuts just like everyone else,” Burmaster said. “We are projected to sustain the increased high enrollment of the past several years as significant numbers of students continue to turn to Nicolet for the job training that will benefit them personally and also help bring prosperity back to the Northwoods economy.”
The proposed 2011-13 state biennial budget provides for a freeze on technical college district operational tax levies at the current 2010-11 level. The Nicolet College 2011-12 budget totals $34,435,620 and freezes the tax levy at $20,465,789, the same amount that was levied last year.
The Nicolet College budget was also built on the assumption that equalized property valuations will drop 3 percent. If property valuations go down, the mill rate must go up to maintain the operational property tax levy dollar figure. Actual equalized valuations will not be known until late September or early October when the state releases the final figures.
Factoring in a 3 percent valuation decrease, the Nicolet budget calls for an increase in the total mill rate, from 1.111 to 1.145. This will result in a $3.40 tax increase on a $100,000 home.
The mill rate is made up of two components: operational costs and debt service. The operational portion of the mill rate in the proposed budget is 1.01, one of the lowest of all 16 technical colleges in the state. The debt portion of the mill rate would be 0.13.
“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.
Click here to view the college's 2011-12 Budget Book.