August 21, 2012
College expects 8.20 percent revenue increase in upcoming fiscal year
The Blinn College Board of Trustees approved its 2012-13 budget during its regular meeting Tuesday night at the College’s Brenham campus, including an 8.20 percent revenue increase over the previous fiscal year.
The new budget allocates $85.50 million in revenue, a $6.48 million increase over the 2011-12 budget. The College anticipates a $5.2 million increase in net tuition and fees owing to a $2 in-district tuition increase, an $8 out-of-district and non-resident tuition increase and a $2 general fee increase per credit hour.
At $123 per credit hour, Blinn’s out-of-district tuition and fees are still below the statewide average of $125 and compare favorably to nearby community colleges Victoria ($127), Lone Star ($129), Wharton ($132), Houston ($140) and Temple ($154).
Some of the increased revenue will be used to fund a 3 percent faculty and staff salary increase with a minimum employee raise of $1,000 that was approved during the board’s July meeting. Full-time faculty also received a one-time increase in longevity pay of $1,000.
The College’s contingency fund will remain in place due to the continued uncertainty of state funding, increasing from $633,660 to $2.13 million. The College earmarked $1.5 million for costs of the pending reorganization.
The board also adopted a resolution to set the 2012 tax rate at the recommended $0.0567 per $100 valuation as determined by Washington County Chief Appraiser Willy Dilworth.
In other action, the board: