Collin College Trustees Call for Bond Election
Collin College Trustees Call for Bond Election; Committee Of Community Leaders, Volunteers Will Help Chart Future Course
Explosive Growth of Collin County Spurs Master Plan That Includes New Facilities, Programs
Feb. 10, 2017 – The Collin College Board of Trustees called a bond election for Saturday,
May 6, to facilitate a long-range master plan that will accommodate the major population
growth projected for Collin County over the next two decades.
The Board approved the $600 million bond referendum during a Feb. 8 Board meeting.
“We have the second-lowest tax rate out of 50 community college districts in Texas, are debt-free, and have kept pace with the growth of Collin County over the past 32 years,” said Board of Trustees Chairman Dr. Bob Collins, who was a founding Board member of the college in 1985. “However, we believe this bond issue is necessary in order to keep pace with the remarkable growth that is projected over the next 20 years.”
According to the United States Census Bureau, the population of Collin County was 914,000 as of 2015.
“The county is projected to double in population by 2030, and triple by 2040, making it one of the fastest-growing counties in the nation,” said Collin College District President Dr. H. Neil Matkin. “We’re at a critical crossroads in terms of meeting the demands of such rapid growth.”
The Collin College Master Plan lists several priorities, including the construction of five facilities: a campus in Wylie; educational centers in Celina and Farmersville; a Public Safety Training Center in McKinney; and a technical center that will partner with area K-12 districts to prepare students for high-wage, high-demand industries.
College officials expect the financial impact on local residents to be minimal. “The college used projections on the cost of issuing bonds and the rate of property growth in the county to develop our financing plan. We believe that the plan will result in essentially no change to the overall tax rate during the term of the bonds if approved in the May 6 election,” said Dr. Matkin.
After the Board approved the bond issue, the college convened the Committee of 100, a group of community leaders and volunteers who will provide leadership and communicate the need for the Master Plan between now and the May 6 election date.
Members of the committee attended a dinner and information meeting Feb. 9 at the Sheraton McKinney to learn more about the Master Plan.
David McCall, managing partner at the law firm of Gay, McCall, Isaacks & Roberts in Plano, and Bill Cox, principal at Carey Cox Real Estate in McKinney, will co-chair the committee. McCall, along with Cox’s father Carey, were co-chairs of the committee that helped establish Collin College in 1985.
Collin College serves more than 53,000 credit and continuing education students annually and offers more than 100 degrees and certificates. The only public college in the county, Collin College is a partner to business, government and industry, providing customized training and work force development. In addition, the college operates the Collin Higher Education Center, which serves 3,100 additional students each year in partnership with The University of Texas at Dallas, Texas Woman’s University, Texas A&M Commerce, Texas Tech and the University of North Texas.