Approval would mean more funds for workforce development programs in sectors such as advanced manufacturing, homebuilding and health care. It would also fund new sites. ACC said the bond would not require a tax rate increase, as rising home values are boosting tax revenue. The community college district estimated at the current tax rate, a $500,000 home would see a $5 increase in taxes per year for the first five years, rising to a maximum of $25 per year for the remainder of the bond.