Mid-State board adopts 2017-2018 budget
For Hub City Times
WISCONSIN RAPIDS — Mid-State Technical College’s board of directors adopted its 2017-2018 budget following a public hearing during its June 19 meeting in Wisconsin Rapids. The annual budget went into effect on July 1.
The new general fund operations budget is $30.9 million, a $718,000 decrease from the amended 2016–2017 fiscal year budget. The operational budget was prepared with the assumption of steady enrollments as compared to 2016-2017.
As in years past, college administrators were tasked with developing a budget that addresses the needs of its students and communities with budgetary resources. The higher education industry is also in a state of rapid change, and Mid-State has aggressively sought to address that change through its 2015-2020 Strategic Plan, a key driver throughout the budget development process.
“Our thoughtful approach to budgeting and planning reflects Mid-State’s ongoing determination to enhance student success and organizational effectiveness through relevant programs and services, pursuit of opportunities, and a proactive response to the needs of our local businesses and communities,” said Board Chairperson Betty Bruski Mallek.
According to Greg Bruckbauer, business operations manager, the college’s tax rate is projected to increase just 1.7 cents per $100,000 of equalized property value, increasing the tax bill for a $100,000 home from $86.18 last year to a projected $87.85 in the coming year.
“This budget funds our ongoing work to offer innovative programs and access to world-class technology, facilities, and services,” said Bruckbauer. “With these resources we can continue to produce confident, in-demand graduates to meet the growing need for skilled professionals in central Wisconsin.”