CVTC Budget Approved, Expenditures Down

CVTC Budget Approved, Expenditures Down

The Chippewa Valley Technical College District Board approved the 2024-25 budget as proposed during its meeting recetly.

The budget calls for total expenditures of $115,403,675, a reduction of 2.63 percent from the 2023-24 revised budget due mainly to less planned capital project expenses. General fund revenues are projected to be $63,882,544, up 1.26 percent from 2023-24.

An estimated six percent increase in property values will result in a decrease in the mill rate of 0.01 percent from $66.29 per $100,000 of property value to $66.28. While the mill rate is decreasing, the overall amount collected throughout the district via the tax levy is $27,368,883, up 5.99 percent from the previous year.

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