ACC proposes tax rate, annexation

Austin Community College trustees proposed a new tax rate that will keep the average property tax rate steady and called a special annexation election for the Lockhart ISD area at their Monday meeting. The annexation election will appear on this November’s ballot and, if approved by voters, residents in the Lockhart ISD territory will immediately become part of the ACC district and receive the associated benefits, like free tuition. In terms of property taxes, ACC has proposed a no-new-revenue tax rate at 10.13 cents per $100 valuation, which would mean that the average taxpayer’s bill would not increase (for ACC property taxes). Of that rate. 8.81 cents will go toward maintenance and operations, and 1.32 cents will go toward debt service. ACC adopted a $534 million budget in July. About 67 percent of that budget is funded by property taxes.