Community Impact reports that at a June 5th workshop meeting Lone Star College System officials said it will have $21 million in funds left over to allocate for it’s priorities in the 2025-26 fiscal year after other expenses have been accounted for. This will help to account for uncertainties like the status of undocumented students and staff, and how that could have an effect on the college in a financial way.
The trustees June 5th meeting was its first budget workshop for the proposed Fiscal Year 2025-26 budget. From maintenance and operations tax revenue, the budget includes an estimated $244.5 million.
A tax rate of $0.1076 per $100 valuation is expected by LSCS officials. It’s the same as the previous year. Officials said the 2025-26 fiscal year tuition will not be raised.
The 2025-26 budget includes:
–An increased revenue from the maintenance and operations portion of tax revenue of $16.6 million, which makes up 43 percent of total revenue.
–For systemwide initiatives $3.778 million.
— For dual credit instruction, as the adjunct rate increased, $13.22 million.
During the workshop various budget initiatives were also discussed which included:
–Magnolia Center funding for $1.9 million.
–For the new bachelor’s degree program, $320,000.
–In its dual credit instruction, as the adjunct rate increased, $285,000.
The college system’s budget will formally be considered by LSCS trustees on August 7th, and they will adopt a tax rate October 2.
