CVTC’s levy decreases for 2022-2023 District Board approves 71-cent tax rate
Chippewa Valley Technical College approved a $106,542 decrease in the tax levy and set the amount at its District Board meeting Tuesday. The approved tax levy for fiscal year 2022-2023 was set at $24.14 million, a reduction of nearly half of a percent from the levy in fiscal year 2021-2022 of $24.24 million.
Kirk Moist, CVTC’s vice president of Finance & Facilities, said the continued levy decrease is thanks to the state legislature’s increase of technical college property tax relief from $435 million to $449 million statewide.
“Local property owners have benefited from lower technical college taxes since 2015 when the Wisconsin Legislature removed $406 million from the total statewide technical college tax levy,” said Moist. “The second year of the current biennial budget that began July 1, 2021, includes an additional $14 million in property tax relief. This resulted in a lower total tax to support the CVTC budget.”
On Tuesday, the Board set the tax rate at 71 cents per $1,000 of equalized value, down from 81 cents in 2022. The rate is the amount property taxpayers owe per $1,000 in valuation. In this case, a person with a $150,000 home will pay $106.50 in property taxes for the year to support the technical college – down from $121.63.
“Our students’ dreams could not be fulfilled without the support of our communities,” said Sunem Beaton-Garcia, CVTC president. “In turn, we vow to continue to educate a highly-skilled workforce that makes our community a great place to live and work.
The CVTC board is required to certify its levy by November 1 each year.
