BEATRICE – The Board of Southeast Community College is publishing a proposed budget for the coming year, of over $242.5 million. A public hearing and action on the plan is scheduled for a September meeting.
SCC President Dr. Paul Illich says property valuation in the college’s 15-county service area went up about two-and-a-quarter percent…mostly because of one county.
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Five counties in the college’s territory are seeing overall property valuation declines, while most remained relatively flat, with small increases.
The college has identified some $32.5 million of planned improvement projects for the coming year. The list includes a planned remodel of the business park building on the Beatrice Campus and a Truman Center Wellness Addition.
The SCC Beatrice Campus is also the site of a $9 million residence hall that is underway. Construction of a $2 million dining facility is expected to get underway later this year.
SCC expects to learn its bond rating Thursday, for a revenue bond issue that will finance the new residential hall projects being constructed at Beatrice and Milford.
The SCC Board Tuesday authorized the school’s president to act on behalf of the school to secure bond insurance, if necessary. Scott Keene with Ameritas, is a financial consultant for SCC.
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Illich says student residential hall construction has been somewhat hampered by wet weather.
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SCC recently selected an architectural firm for a general-purpose classroom building on the Beatrice Campus.
At a Tuesday meeting in Lincoln, the SCC Board approved phase one work to upgrade the fire suppression system at the Lincoln Campus…totaling about $390,000.