How much bond money should NCTC be as...

How much bond money should NCTC be asking for?

Created by Steve on Sep 11, 2011

13 votes

Click on an option to vote

$30+ million

$13 million for health sciences

$13 million for a new Admin building

$4 million for a Student Life Center

Zero - no tax increase!

Steve

Muenster, TX

#1 Sep 11, 2011
NCTC does need to spend a few million on upgrading health sciences. However; much of it could be handled with reserves. In addition most of the students come from outside Cooke County. Why not charge them a higher tuition rate to ensure they pay their fare share of any facility upgrades?
keith

Gainesville, TX

#2 Sep 17, 2011
Steve wrote:
NCTC does need to spend a few million on upgrading health sciences. However; much of it could be handled with reserves. In addition most of the students come from outside Cooke County. Why not charge them a higher tuition rate to ensure they pay their fare share of any facility upgrades?
They won't raise tuition on students for 2 reasons. They couldn't come up with 30 million dollars from a tuition increase. And why should they expect the people who would benefit from new buildings to actually PAY for that benefit, when they can bleed it out of the local taxpayers?
Steve

Muenster, TX

#3 Oct 9, 2011
NCTC has now come out with their bond projections. For a 25 year bond, they show an added tax rate of .0720 on top of .0717 which comes to a total of .1437 cents. Their documentation says for the life of the bond. If property values keep going down, won't they have to raise the tax rate again like they did the last two years to maintain the same amount of tax revenue?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Gainesville Discussions

Title Updated Last By Comments
News Gainesville man dies in house fire (Apr '09) Tue Absolutely 523
Who Murdered Barry Pruitt ? (Mar '10) Tue Inagreement 18
Patrick Fleitman Murder (Feb '08) Nov '17 Totheheartofstone 77
News Fatal Hit and Run in Cooke County (Jul '11) Oct '17 Whesel 13
Sunset in Muenster Tx Sep '17 Peggy DeLancy 1
Criminal defense lawyers (Apr '17) Aug '17 Armofjustice haha 7
News The Trump disciple vs the 'illegals' Aug '17 dobiegal 1

Gainesville Jobs

More from around the web

Personal Finance

Gainesville Mortgages