sentences:  The 2011–2012 LC budget was $48.3 million, or a decrease of $1.43 million from the preceding year.The college property tax rate of $0.2365 per $100 of assessed valuation declined slightly in the 2012–2013 budget.Unlike many other community colleges in Texas which can reach into the county or adjoining counties for purposes of taxation, LC can levy property taxers only within the City of Laredo.