El Paso Community College Faces $8 Million Funding Cut Impacting Raises and Taxes
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AI Summary
El Paso Community College (EPCC) is confronting an unexpected $8 million reduction in state funding due to a decision by the Texas Higher Education Coordinating Board (THECB). Originally set to receive approximately $43.9 million in 2025, EPCC will now receive only $40.9 million, with further cuts in subsequent years. This funding loss could lead to potential property tax increases for homeowners, as 94% of EPCC's revenue comes from property taxes, state funds, and tuition. The college's leadership is considering a tax hike of 5-6% to offset the shortfall, which would result in minimal increases in annual property taxes for homeowners. Local lawmakers are advocating for supplemental appropriations to address the funding gap.
Key Details: • Potential property tax increase of 5-6% to raise $3.9-$4.7 million. • Average homeowner's tax increase would be $11.73 for 5% and $14 for 6%. • EPCC's budget discussions are ongoing; a 2% raise for employees is being considered. • State Legislature to discuss supplemental appropriations in the 2027 session.