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Collin College bond would fund workforce training facility in Celina

Collin College's $600 million bond on the Nov. 3 ballot includes a workforce training facility in Celina among projects planned across Collin County.

Renata Quill

October 15, 20262 min read

Campus Expansion - illustration, Jake Team LLC

A workforce training facility in Celina is on the list of projects in the $600 million bond Collin College is asking voters to approve on the Nov. 3 ballot, KRLD reported.

College President Neil Matkin said the money would pay for the second and third phases of the college's Destination 2030 master plan, which was shaped by public meetings, demographic studies and input from community leaders. "We have a need to stay relevant to make sure that we can train the workers that are coming into work in Collin County," he said.

What is in the plan

Besides the Celina project, the proposed projects include workforce training space in Farmersville, a workforce and career training building at the McKinney campus, an academic building at the Wylie campus, more trade programs at the Allen Technical Campus, added room for information technology and dental courses at the Plano Courtyard Center, and an aviation academy at McKinney National Airport. Matkin said McKinney ISD has committed extra money toward the career training building and the aviation academy, which the two would share.

The third phase would finish empty space at the Frisco campus, add workforce training space in Wylie and develop future campuses in Anna and Royse City. Matkin said the college would rank projects by available money and student demand.

Taxes

State law requires the ballot to describe the measure as a tax increase. Matkin said the college board does not plan to raise its tax rate. "The reality is the voters are giving us the ability to increase taxes to pay the debt," he said. "Our board is not planning to do that."

He said the college has kept a AAA bond rating and has not changed its tax rate since its last bond election nine years ago. If the bond passes, the college would set priorities and decide when to sell bonds. If it fails, Matkin said the college would look at other ways to pay, such as revenue bonds, which are backed by pledged revenue and can cost more.

Early voting starts Oct. 19.

Source: KRLD (audacy.com).

Sources

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Renata Quill

Renata Quill reports on local business, new openings, and economic development in Celina.

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