Upcoming CVTC Budget Vote Could Affect Local Taxes and College Services

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The Chippewa Valley Technical College District Board is set to vote on the initial draft of its 2024-25 budget. The vote will occur at 3 p.m. on Thursday in Room 100A of the Business Education Center, located at 620 Clairemont Ave. The proposed budget totals $115,403,675, which is a 2.63 percent decrease from the previous year's revised budget.

The budget reduction mainly results from decreased capital project spending. However, the general fund revenues are expected to increase by 1.26 percent, reaching $63,882,544.

The budget also projects a six percent increase in property values within the district, which will slightly reduce the mill rate from $66.29 to $66.28 per $100,000 of property value.

The proposed tax levy for the CVTC district will rise by 5.99 percent to $27,368,883, primarily due to increased debt service costs. These funds are essential for the college's operations and future development.