EAC Photo: EAC Reduces tax rate for 2024.
By Kris McBride/EAC
THATCHER, Ariz. — Eastern Arizona College (EAC) has proposed a lower tax rate for the 2024 budget year to the Graham County Community College District Governing Board (Governing Board). The reduction in the College’s tax rate was made possible because the overall assessed value of property in Graham County has increased over the past year, having a net effect of providing additional revenue for EAC. The Governing Board will decide whether to act on EAC’s recommendation at its June board meeting.
Because the assessed property value has increased county-wide, the tax rate will drop from $2.71 to $2.60, representing an 11-cent reduction from last year’s rate. Because the reduced rate will generate additional funds, statutory language refers to this as a tax increase, when in fact it is a tax rate reduction.
The Truth in Taxation Notice was posted in a local newspaper on May 24 and again on May 31. For more information about EAC’s proposed 2023-2024 budget visit https://eac.edu/about/finances/annual-budgets/annual-budgets.php.
The public is invited to send comments on EAC’s recommended tax rate reduction to board@eac.edu. Members of the public can also provide comments at the Governing Board meeting on Thursday, June 8, at 1 p.m., at the Eastern Arizona College Student Services Building, Governing Board Room, 615 N. Stadium Ave., Thatcher, Arizona.
About Eastern Arizona College:
Eastern Arizona College – the first community college in Arizona – has helped students achieve their dreams since 1888. With campuses in Thatcher, Globe, and Payson, EAC’s qualified and caring instructors prepare students for the most in-demand careers and advanced study at universities. EAC offers more than 80 certificates and degrees, including the #1 nursing school in Arizona, a fine arts program featuring the only marching band in Arizona, and an engineering program that brings students up to speed for success at universities and top-tiered firms. Students thrive at EAC, making friendships that last a lifetime. EAC’s vibrant student experience includes on-campus housing, more than 30 clubs and organizations, active intramurals, and nationally ranked athletic and e-sports teams. At EAC, most students leave with $0 debt. Let EAC provide an affordable way for you to claim your dreams. Contact admissions@eac.edu or call (928) 428-8272 today.
