Lee College finances show stable budget despite tax roll shifts
Comptroller Alvin H. Miles reports normal expenses for the first quarter and a contingency fund of 97,186 from TEA for summer and fall 1970. President Strahan notes prior-year allocations were reduced as other schools compete for funds. Tax collections lag slightly behind last year at 7.75 percent, with total Lee College District receipts at 101,926.12 and remaining collectible taxes at 943,381.99 current and 32,609.13 delinquent. Major corporate valuations shift next year as Humble Oil may yield to U S Steel Texas Works. Humble’s current valuation is 218,991,840, about 47 percent of the total tax roll. Major firms on the list include Gulf, General Telephone, Ashland, Huber, Stauffer, Texas Eastern, and Houston Natural Gas, comprising 68.22 percent of the total tax roll.