Blackhawk Tech finalizes 2011-12 budget
Renea Ranguette, vice president of finance and college operations, said the school made up for the lost money by increasing the amount employees will pay for benefits, trimming operating costs and restructuring positions to leave several vacant.
Full-time faculty and administrators will receive a 2 percent pay raise next year, but they also will begin contributing 5.8 percent to their retirement starting in July and 12 percent toward their health insurance starting next year, Ranguette said.
Nobody was laid off for next year and no significant cuts were made to programs, she said.
“As we go into next year, it’s an area we will have to look at for 2012-13,” Ranguette said. “A thorough review is planned … we will look into the size of programs and what types of programs are offered.”
The budget approved Wednesday totals $54.05 million, up 5.91 percent from the current budget. The property tax levy will rise 0.75 percent, from $19.89 million to $20.03 million.
Blackhawk is projecting the tax rate to increase 2.89 percent, from $1.73 per $1,000 of valuation to $1.78 per $1,000 of valuation. Ranguette said the board would set the final tax rate after it receives updated property values in October.
Students will have to pay more next year after tuition was increased to make up for a projected 4 percent decline in attendance. The cost per credit hour will go up 5.5 percent to $111.85.
The budget includes an expansion of Blackhawk’s presence in Beloit. Renovations at the Eclipse Center will add 12,000 square feet. The additional space will allow the college to offer more nursing classes and a pharmacy technician program at the center.
A look at the 2011-12 budget for Blackhawk Technical College:
Next year $57,241,542
This year $54,047,527
Next year $20,037,522
This year $19,888,750
Increase .. 0.75%
(Per $1,000 of assessed valuation)
Next year $1.78
This year $1.73
Note: Percent changes calculated on whole numbers.