Overview of Budget and Tax Rate Adoption

TASB Community College Services’ legal guidance Overview of Budget and Tax Rate Adoption has recently been updated and is now available in TASB College eLaw (TASB login required).

This document outlines the steps involved in the process for a community college board to approve its annual budget and adopt a property tax rate, including information on the coordination of efforts with other local and state taxing officials, special measures to ensure public access to the process, and, depending on the financial analysis, preparation for a voter approval tax rate election (VATRE). The document provides detail for the accompanying Timelines for Budget & Tax Rate Adoption published by TASB Community College Services.

If you have any questions, contact TASB Community College Services by email at colleges@tasb.org or phone at 800-580-1488.