A public notice in today’s Register announces Allen Community College is seeking to renew its capital outlay fund for another five years at an annual ad valorem tax rate not to exceed 5 mills.
The current fund has a levy of 3.496 mills; the levy may be adjusted in any budget year by action of the college’s Board of Trustees.
Taxpayers have opportunities to object to the fund by petitioning for a referendum, which would be part of the next general election in the county.
That may be accomplished by not less than 5 percent of registered voters in the district (414) signing such a petition.
Capital outlay funding may be used for such things as physical improvements, equipment and educational programs. It may not be used for salaries.
ACC seeks to keep fund
