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Nicolet College Trustees approve 2016-17 budget

June 23, 2016

The Nicolet College Board of Trustees recently approved next year’s budget for the college which holds the line on expenditures while providing additional skills training opportunities for students in the fall.

“The college continues to work hard to be fiscally responsible while at the same time expanding job training opportunities,” said Nicolet College President Richard Nelson.

“This strategy keeps costs in check while giving more individuals the opportunity to build better lives for themselves. It also provides area employers with the skilled workforce they need to be efficient, productive, and profitable. These objectives, when combined, will help drive economic development in the region.”

The $36,589,653 budget for 2016-17 represents a 5.36 percent reduction from the previous year.

New academic offerings this fall will include a Alcohol and Other Drug Abuse (AODA) associate degree; a Drafting Design Technician technical diploma, evening Welding classes, and two new Auto technical diplomas.

Nicolet will be able to fund these new programs, in part, with a 1.5 percent increase in tuition, a 3 percent projected increase in enrollment, and reductions in operational costs in other parts of the college.

In addition, the budget passed at the board’s June meeting calls for a projected 60-cent tax increase for every $100,000 in property valuation in the district. This would bring the total tax levy to $6,515,766 in the six-county district.

The final tax rate will be determined in October, after the state releases official equalized property valuations for the district.