Austin Community College District (ACC) Board of Trustees approved a $534 million budget for fiscal year 2024-25 during its regular board meeting Monday, July 1.
The budget represents a more than 8% increase over the 2023-24 budget. The balanced budget includes funds for operations, new initiatives like the Free Tuition Pilot Program for the high school class of 2024 and the Affordability Scholarship, an increase in the number of full-time faculty positions, proposed election services for three Board of Trustees seats, and the potential Lockhart annexation. It also includes a 4.5% raise for all ACC employees and raising the minimum wage from $22/hour to $23/hour.
ACC’s budget comprises three revenue streams: property taxes generate approximately 67.3% of the district’s total revenue; tuition and fees make up 15.7%; and state funding is 14.1%. The remaining 2.8% of the budget comes from other small sources of revenue.
The board voted to maintain in-district tuition rates for the eleventh consecutive year in April.
The new budget cycle begins September 1.
Tags: 2025 Budget, Board, Board Members, Board of Trustees, budget
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