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Meeting Agenda
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1. Public Hearing on proposed budget and proposed tax rate.
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1.A. Proposed Budget
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1.B. Proposed Tax Rate
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Agenda Item Details
Reload Your Meeting
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| Meeting: | August 29, 2013 at 7:30 PM - Public Meeting on Proposed Budget and Tax Rate | |
| Subject: |
1. Public Hearing on proposed budget and proposed tax rate.
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Description:
The Board of Trusetees gives the public an opportunity to express their opinion on the proposed budget and tax rate.
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| Subject: |
1.A. Proposed Budget
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Description:
I am recommending a budget for Ralls ISD of $6,469,997.70 for the 2013-2014 school year. The total budget includes federal programs, TRS on-behalf benefits that are just reported, and is not expenditure. Also, part of the food service budget includes USDA donated commodities that are reported as expenditures, but are actually donations.
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| Subject: |
1.B. Proposed Tax Rate
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Description:
I am recommending that we adopt a rate of $1.04 per $100.00 of evaluation. This tax rate will not generate enough funds to meet the purposed budget. Therefore we will have a deficit budget of $149,632.34.
The values for 2013 of $135,397,265.00 will generate an estimated $1,356,849.00 at a 98% collection rate and a 3% decline in ADA. As a result of our values increasing by $220,900, taxes on the average homestead would increase by $3.96 compared to 2012 taxes. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. BECAUSE VALUES INCREASED BY $222,900.00, A RATE OF $1.04 IS EFFECTIVELY A 0.32% INCREASE IN THE TAX RATE. |
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