Being Accountable

Lone Star College continues to invest in strategic initiatives in support of the college’s commitment to student success while maintaining financial stability and a low tax rate.

In August 2020, the Lone Star College System Board of Trustees voted to approve the LSC 2020-2025 Strategic Plan which was based on feedback and recommendations from all members of the LSC community – faculty, staff, students and community stakeholders – and is designed to address the continuing student population growth and ensure student success.

One critical component of that plan was that LSC ensure sound financial practices, transparency with stakeholders and fair allocation of budget and resources.

Funding Sources Budget Fiscal Year 2023

Taxpayers will receive an estimated present value of $2 billion in added tax revenue stemming from the students’ higher lifetime earnings and the increased output of businesses.

LSC is committed to the fiscal practices that support a commitment to providing high-quality education to students at an affordable price without placing an undue burden on taxpayers.

Budget highlights include:

Reaffirmation of AAA credit rating from Standard and Poor’s
Tax rate of $0.1078 per $100 valuation expected to be unchanged
Budget aligned with strategic priorities
Emphasis on academic transfer, workforce and student success initiatives

In addition to maintaining solid financial practices, LSC also provides a robust economic impact, adding nearly $3 billion to the Houston economy with higher student incomes and increased business productivity.

Annual Benefits to the Texas Public Due to Lone Star College ($ Millions)

Lone Star College received a AAA rating from S&P Global Ratings Service. LSC has maintained a AAA rating – the highest rating possible – since 2009.

Having a AAA rating means LSC is in a strong position to meet its debt obligations. The AAA rating lowers the cost of borrowing and allows LSC to get the best market interest rates available, potentially saving taxpayers millions of dollars.