The Pima Community College Governing Board on Wednesday approved a $266.2 million budget for the next fiscal year, 6.3 percent lower than this year's spending level.

The package includes paying off the college's long-term debt by the end of June, meaning the secondary property tax will be eliminated. That will save about $19 a year for the owner of a home valued at $100,000.

The new budget means a primary property tax rate increase that will add an estimated $1 annually to the college tax bill for a home valued at $150,000, the college said in a press release.

The primary tax rate, along with tuition, pays for Pima's day-to-day operations.