By Mark Archibald
The Navarro College Board of Trustees adopted a tax rate of $0.1077 per $100 of taxable valuation during a brief special meeting, held Tuesday morning.
The adopted rate represents the Voter Approval Rate.
Trustees adopted the institution’s annual budget for the 2026-2027 fiscal year. The action followed a public hearing held Tuesday morning on the college’s Corsicana campus.
The adopted budget includes projected grant funding but does not rely on fund balance reserves or transfers.
Revenues and expenditures are balanced, and total approximately $87.6 million.
The majority of the revenue is derived from local tax, while 60% of expenditures are comprised of salary and benefits of faculty and staff.
The tax rate was approved unanimously by those present, by a record vote. Trustee Faith Boyd was absent from Tuesday’s meeting, due to a previously scheduled appointment.
The next regular Board meeting will be held Sept. 17, 2026, inside the Bulldog Boardroom, located at 3200 W. Seventh Ave. on the Corsicana campus of Navarro College.
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