NIC Hikes Property Taxes 2%

Item: The cost of learning: NIC approves 2 percent tax increase on budget /Maureen Dolan, Press

More Info: North Idaho College trustees approved a $40.8 million general fund operating budget for the next fiscal year. The budget, passed after the second reading at Wednesday’s monthly board meeting, is $3.2 million more than the current year’s budget. The gap will be filled with new revenue from a 4 percent tuition hike approved by the board at its April meeting, and a 2 percent property tax increase.

Question: A 2% property tax hike in these bad economic times seems like a big deal. But is it, when you consider the actual amount to be $2.91 per year for theowner of a $200,000 home?