Eastern Arizona College reduces tax rate for 2024

Before traveling to Alabama for the national tournament, the Eastern Arizona College softball teams poses for a group photo with college officials and the Arizona Secretary of State in front of the Nursing Education Center. - David Bell Photo/Gila Valley Central

Contributed article

THATCHER — Eastern Arizona College has proposed a lower tax rate for the 2024 budget year to the Graham County Community College District Governing Board.

The reduction in the College’s tax rate was made possible because the overall assessed value of property in Graham County has increased over the past year, having a net effect of providing additional revenue for EAC. The Governing Board will decide whether to act on EAC’s recommendation at its June board meeting.

Because the assessed property value has increased county-wide, the tax rate will drop from $2.71 to $2.60, representing an 11-cent reduction from last year’s rate. Because the reduced rate will generate additional funds, statutory language refers to this as a tax increase, when in fact it is a tax rate reduction.

The Truth in Taxation Notice was posted in the Eastern Arizona Courier on May 24 and will be posted again on May 31.

For more information about EAC’s proposed 2023-2024 budget visit: https://eac.edu/about/finances/annual-budgets/annual-budgets.php.

The public is invited to send comments on EAC’s recommended tax rate reduction to board@eac.edu. Members of the public can also provide comments at the Governing Board meeting on Thursday, June 8, at 1 p.m., at the Eastern Arizona College Student Services Building, Governing Board Room, 615 N. Stadium Ave., Thatcher.