#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?
#2 Sep 17, 2011
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?
#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?
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