This week, the Grayson County Board of Trustees approved the college’s fiscal year 2025-26 budget and new property tax rate.

The result is a slight decrease in the tax rate with almost half of the budget totals to be accrued from property tax revenue.

“When working on the recent bond campaign, we made a commitment to our community to not increase the tax rate, and we honored that commitment,” Grayson College President Dr. Jeremy McMillen said in a news release. “Now we’ve been able to take that promise one step further by slightly lowering the property tax rate. At Grayson College, we take seriously our role as good stewards of the community’s investment, and we work every day to ensure those dollars are used wisely to support student success and regional growth.”

The approved budget totals just over $61 million with approximately $29.7 million allocated from property tax revenue. Grayson College decreased the Grayson College property tax rate slightly from 0.145990 cents per $100 valuation to 0.145980 cents per $100 valuation.