Baseball32 said:
Are people really going to sign a petition to increase taxes in Brazos count?
Yes that is really what they're pushing for. Yes, some people will really sign it. I'm sure it will be a VERY hotly contest item for the next decade or more.
The legal process to do it is something like:
1. Voters sign a petition that gets sent to Texas Higher Education Coordinating Board (THECB).
2. THECB will probably recommend to the state legislature that a bill be passed to create a community college. For ease of conversation, lets just start calling it Brazos County College (BCC). It'll be on legislative calendar in 2017.
3. Voters in Brazos County will then have to set what BCC's tax rate will be, usually by a vote at the ballot box. That rate is going to be somewhere between 0.05% and 0.35%. For a $200,000 valuation on a home, that equates to a tax increase of between $100 and $700 per year. It'd probably be on the ballot in November 2018.
4. BCC will then generate tax revenue for a year to hire some staff, buy some land, get a campus master plan together, and prepare a bond package.
5. Sometime in 2020, BCC will try to get voters to approve a bond package. Bond value = current annual tax revenue (about $30M) X bond duration (10 years) minus interest. Let's just guess $300M. Those bonds will go to build the buildings in 2021 and 2022. We taxpayers spend the next 10+ years paying down those bonds.
6. First students start at BCC in 2022 and get their certificates in 2023. Meanwhile it will take a few years for the school to get the kinks worked out so the first marketable BCC grads won't really arrive until at least 2025.