In 2014, Austin Community College faced financial challenges after years of stagnant budgets, prompting the Board of Trustees to seek voter support.
During a June 16 meeting, trustees approved placing two bond packages totaling $386 million on the November ballot. This move, only the second time in ACC’s 41-year history, aimed to address pressing financial needs and adapt to changes in state funding. The proposed bonds encompassed critical projects such as Phase II of the Highland Campus, a new Leander Campus, and investments in workforce training centers. The accompanying tax rate increase was essential to cover both maintenance and operations and interest and sinking funds, reflecting the multifaceted financial needs of the college. Fifty seven percent of voters approved propositions 1 and 2
The successful bonds marked a departure from historical funding structures, where the state once contributed 40% and local taxes 20%. Now, with state funding at 20%, local taxes, including the proposed increase, play a crucial role. The bond proposals were the result of five years of deliberation and a comprehensive assessment by a 25-member bond advisory committee. While some projects were excluded from the final bond, their consideration showcased the board’s commitment to prudent financial planning. The vote to secure additional funding marked a critical juncture for ACC, underscoring the necessity of community support for the college’s sustained growth and development.