Cooke County Citizens for Better Government

NCTC Bond Information and Letters

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Below is a presentation that summarizes the NCTC Bond issues and copies of some recent Letters to the Editor.

Here a few charts on the NCTC Bond

These are NCTC's summary enrollment charts for Fall 2010 and Spring 2011.

The students on the NCTC enrollment charts listed as In-District are either from Cooke County or Graham. To get to a total of Cooke County students, I subtracted the Graham Campus In-District students from the total In-District students.  These charts came from the NCTC web site under Board of Regents.  They are unchanged other than I combined two separate pages into one file.

This is a larger report showing NCTC enrollment trends by campus. These are directly from NCTC's web site under Board of Regents. This is 15 pages so it may take a little while to download.

This one page report shows the cost by proposed building along with the square feet. This was originally an NCTC chart. Steve Gaylord added the cost per square foot column on the right. No NCTC data was changed.

This chart was provided by NCTC for the Spring Bond Election.  We haven't seen NCTC provide an update for the Fall Bond Election, the costs may be slightly lower although from what we've seen, they have moved around a little.

This is the Spring 2011 one page report from Southwest Securities I obtained from NCTC showing estimated bond payments and tax rates.

NCTC has lowered the estimated tax rate from more than $7 per month to $6 per month or less for the November election.  We couldn't figure out how they did this since they are using the same interest rates in their projections and the bond amount wasn't lowered that much.   Upon asking the college, they sent a new document estimating tax rates.  To get a 17% reduction in the estimated tax rate, they assumed a certified tax base of $3 billion up from $2.625 billion in early 2011.  There are a couple problems with that estimate.

Please see the link below for more discussion of these discrepancies.

Click to see our analysis of the tax impacts of the NCTC Bond

Latest NCTC estimate on bond payments and tax rates from Southwest Securities

NCTC Polling Locations

The links below are Letters to the Editor that appeared in local papers.

Letter to Publisher of the Gainesville Register

Letter to the Editor published by the Lindsay Letter

Letter to the Weekly News of Cooke County with key questions to ask about the NCTC Bond

Gainesville Register article on how much NCTC Taxes will go up


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