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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 23, 2016 at 7:30 PM - Public Hearing Over Proposed Budget and Tax Rate | |
| Subject: |
1. Public Hearing on proposed budget and proposed tax rate.
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Description:
The Board of Trustees 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 proposed budget for Ralls ISD of $7,090,561.00 for the 2016-2017 school year. The expenditures are greater than the projected revenue generated, therefore we will run a deficit budget of $243,476.00.
Estimated total revenue for Ralls ISD for 2016-2017 are based on the taxable value of $129,668,543.00 with the tax rate of $1.04 and a 503.33 Refined Average Daily Attendance. |
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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.
The values for 2016 of $129,668,543.00 will generate an estimated $1,335,068.00 at a 99% collection rate and a ADA of 503.33. As a result of our values decreasing by $11 million, taxes on the average homestead will decrease by $3.58 compared to 2015 taxes. |
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