();. F0Rn1!i tfJ;J/ NORI'H SHORE COMMUNITY COLLEGE Release on college costs by Coordinating Committee of proposed North Shore College, Saturday1 February 17th, 1968. }:JI.£..� will the college cost -- now and later? An estimated 1968 budget has been accepted by the four School Districts and shared among them in an agreed l"a.tio. The budget provides fol'.' operating expen.ses in. 1968 ( September December) for an expected 350 students plus a sum of money for 0 setting uptt , the major part of which is the cost of the initial library essential for work of u.niversity calibre. Under the provision s of the 'Public Schools Act 0 , the Provincial Government· pays 50 per cent of the approved operating costs.. The remainder comes from student fees and local taxes. Operating costs in the early years will be moderate,..because the· college will .use existing school. fa.cil.i;ties .. There are .no capitaLcharges.for land, buildings or equipment .. For the year 1968, .taxpayers in North -and West V-aneouve-r· are asked to pay two-thirds of a mill; those in Howe.Sound. and.Sechelt a.bout.one-third mill. This n1ea.n.s that a home. in West Vancouver valued at $25,000 would. pay a. tax of $7�00 (just over 50¢ � month). One in Howe Sound or Sechelt valued.at $12,000 would. pay $2.00 •. In .1969, assuming eight months 9 operation and. 600 students 11 .• local tax ·contl:"ibutions ·would be about the same because: (a) The Provincial Grant and student fees would increase. (b) . There would be no 11 setting up" costs. From 1970 on,. the amount of money needed to operate the college-would · vary· in· proportion to changes in enrolment and expansion of. ctll'Ticulum.. Increases would tend to .. be offset in the four Districts by the. development of new taxable properties, both domestic and industrial. The plebiscite you are asked to approve on Ma:t"ch?th, therefore, asks: (a) _Permission to plan and operate a college in. existing'buildings. (b) Permission. to use a small amount of local taxes to do this� After several years�- at least th:t-ee -- the coll�ge �-11 need its own The Provincial Goverm8:nt will also pay ;o par. oa111pus II buildings and equipment. cent of the cost of these, except for the land. A money referendum will then be put to the funds.. They may """'1 or at this If th:ts refe:t'endum :ts what would the college then oost the While it """"':'"' difficult to � costs hav� been worked ou . fo'r 1973, t costing $11 milliort.. (a) The (b) There t>:c'e 2, 000 Technology). (o) The the B .. C,. Institute of tom." Districts ho,ve risen to $500 milli<:>n@ On this bl'lt:iis � the r.iill rate fo:i."" the coD.ege is estimated to be J mills No:rth Vancouver, 2-1/'2 mills in W1:ist V&n.couver i ind 1 ...3/4 mills in Sechelt 1u'Jd. Howe Sourid.. This inclurler. all charges, both oapital and opeirating 11 inoluding debt The Norlh Shore hn,i' fer.<'' many ye.:1rs l"Un a Grade XI.II progrrun.. whon the oolleg� st111-ts.. ,,:�"'""'��"! This will in Vancouver City College is th&:t ths cost pl'lr pupil of tha collage program l!nd of the Grade XID progr� are aquo.L If no college wore and the existing Grade mr program. oontinuad much of the projected cost wculd have to be m.et by the tro�ayer anyway• and met to support M outmoded progr,rrn inst,J�d of a rttu.ch b�ttt,r college progrimi. All School Boll:rd,;; lU.