Amarillo College Board Proposes 5.87% Tax Rate Increase for 2025-2026 Fiscal Year

The Amarillo College Board of Regents convened on August 11 to propose the tax rate for the upcoming fiscal year, 2025-2026. The Board is set to publish a legal notice on August 18, detailing the initial tax rates—0.20773 per $100 of assessed property value as the no-new revenue tax rate, and 0.23294 per $100 as the voter-approved ceiling rate. The Board's recommended rate stands at 0.21994, a midpoint devised by Chairman Jay Barrett, comprising M&O at 0.16363 and INS at 0.05631, the latter accounting for bond repayments. A motion to set the rate at 0.21994, reflecting a 5.87% uptick, was approved without opposition, translating to a nominal increment of $25 annually—or roughly $2 monthly per $100,000 property value for Potter County residents. Barrett highlighted a $3 million expenditure reduction during the discussion. The next public hearing for rate setting is scheduled for 6 p.m. on August 26 at Amarillo College's Washington Street campus.

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