The average Madison household will see a tax increase of just over $16 for Madison Area Technical College next year.
The MATC District Board on Wednesday voted unanimously to approve the budget for the 2012-13 fiscal year. A public hearing was held on the $158 million operational budget, but there were no registered speakers on the item.
The budget includes a 3.96 percent increase in the tax levy. People living in the MATC district will pay $177.71 per $100,000 of assessed value. That translates to a $16.19 increase over the 2011-12 levy for the average Madison single-family home valued at $239,239.
The college, also known as Madison College, faced a $5.7 million budget shortfall for 2012-13, said Roger Price, senior vice president for administration.