Breckenridge Texan

BISD adopts 2017-2018 budget, tax rate
August 29
08:17 2017

Breckenridge Independent School District board members approved a 2017-2018 budget and tax rate that includes extra money for capital improvements and a property a tax cut, following a public hearing Monday night.

The extra revenue came about because of increased tax values this year as a result of slightly higher oil prices, combined with the way the state does school financing, according to BISD Superintendent Tim Seymore.

The school tax rate approved by the board is separated in two parts, maintenance/operations and payment on voter approved debt. The maintenance and operation rate will remain the same as last year at $1.04 per $100 value, but the payment on voter-approved debt will drop by 1 cent per $100 value from $1.1785 per $100 value to $1.1685.

Seymore said the budget that was approved is based on a 95 percent collection rate of property taxes.

“It’s great to have excess money to do stuff; it’s exciting to me,” said Board President Jeff Dooley.

Seymore said the projects he wants to use the extra funds for are projects the district has put off for a long time. He laid out his recommendations for those projects during the Aug. 14 Board of Trustees meeting.  See the Breckenridge Texan‘s article, “Revenue windfall allows school district to catch up on some projects”

When asked during Monday night’s meeting which projects he would like to tackle first, he said finishing out the pens at the Ag Farm and improvement work in the auditorium, beginning with work on the front of the stage.

“For the last two years we didn’t have any excess, we did fine,” Seymore said. “We met the budget needs that were coming into that year; we paid our bills, and we paid our payroll. Now we’re able to do some stuff on top of it.”

 

Story by Tony Pilkington

Cutline: Members of the BISD Board of Trustees discuss the budget and tax rate during Monday night’s budget hearing. Following the discussion, they voted to approve the 2017-2018 budget and tax rate. (Photo by Tony Pilkington/Breckenridge Texan)

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