The Alvin Community College Board of Regents approved the 2024-25 fiscal year budget during their meeting on August 15.
Regents voted unanimously to approve the $50.7 million budget which will take effect in September.
The budget includes 11 new positions most of which include new faculty members needed to address a projected increase in Dual Enrollment students.
Part of the revenues from the 2024-25 budget will include an additional $1.16 million from the state legislature through the recent passage of House Bill 8.
Regents also voted 6-3 to approve a proposal for the 2024-25 tax rate and will have a public hearing on the rate prior to their meeting on September 26. The proposed rate is $15.6 cents per $100 of property value.
In other action, regents evaluated a report on the damage assessments due to Hurricane Beryl. Several buildings and facilities received damage from the storm including Buildings J, N, T as well as the baseball field and the tennis courts. More than $876,000 in contracts have been approved since the storm so far to address the damages.
Regents also:
-approved the college investment policy
-approved 2024-25 fiscal year cooperative purchase programs
-heard report on safety and security audit
-approved hiring of instructors for Biology and Welding
-approved monthly financial reports
The board will have its next meeting on Thursday, September 26 at 6 p.m. in the Nolan Ryan Center.