ACC Board of Trustees approves FY 2023-24 budget

Austin Community College District (ACC) Board of Trustees approved a $491 million budget for fiscal year 2023-24 during its regular board meeting Monday, July 24. 

The budget represents a 5 percent increase over the 2022-23 budget. The balanced budget includes funds for the operations of new facilities, support for the Workday Student Information System implementation, pathways to restore cash reserves, and raises for all employees.

The compensation package raises all employees, with the lowest-paid employees receiving the largest percentage increase. Trustees approved raising the minimum wage to $22 an hour, a $4,160 or 6% raise for full-time employees, depending on which is higher for the employee, and an additional week’s pay per fall and spring semester for all adjunct faculty. 

“I take immense pride in the ability of the ACC Board to unanimously endorse a well-balanced budget that addresses the needs of our students while ensuring competitive compensation for our valued staff.”,” says Dr. Barbara Mink, Chair of the ACC Board of Trustees.

ACC’s budget comprises three revenue streams: property taxes, which generate approximately 68% of the district’s total revenue; tuition and fees make up 14.4%; and state funding makes up 13.8%. The remaining 3.9% of the budget comes from other small sources of revenue. 

The board voted to maintain in-district tuition rates for the tenth consecutive year in April. 

The new budget cycle begins September 1.  

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