Wednesday, May 22, 2024
CVTC board will vote to post initial draft of budget
The Chippewa Valley Technical College District Board is set to approve posting the initial draft of the 2024-25 budget at 3 p.m. Thursday, in the Business Education Center, 620 Clairemont Ave., Room 100A.
The budget calls for total expenditures of $115,403,675, a reduction of 2.63 percent from the 2023-24 revised budget due mainly to less planned capital project expenses. General fund revenues are projected to be $63,882,544, up 1.26 percent from 2023-24.
An estimated six percent increase in property values will result in a decrease in the mill rate of 0.01 percent from $66.29 per $100,000 of property value to $66.28. The proposed tax levy – the amount collected throughout the CVTC district for support of the College – is $27,368,883, up 5.99 percent from the previous year, is related mainly to an increase in debt service cost.
With more than 165 programs, certificates and apprenticeships offered online and on-campus, Chippewa Valley Technical College delivers innovative, applied, and flexible education that supports a diverse community of learners, improves the lives of students, and adds value to our communities.
