FISD to receive more through taxes, state

In News by Reporter News

The tax rate for property owners within the Friendswood school district will remain at $1.367 per $100 of assessed value, the school board decided Monday.

The Friendswood ISD Board of Trustees held a special meeting for discussion and adoption of the 2015-16 budget and tax rate.

Though it has not increased since 2007, the 2015-16 tax rate is expected to generate more revenue for maintenance and operates than this year.

About 60 percent of the $46 million in expected revenues comes from local tax collections, which are estimated to increase $2 million over last year’s revenue due to higher property values. In addition, states revenues are estimated to increase by $227,000 due to increases in state funding.

FISD anticipates $45.6 million in general fund expenditures, of which 83 percent are payroll costs. A recently approved salary schedule provides staff raises and market adjustments ranging from 3 percent to 11 percent for teachers, and a 3 percent increase for all other employees for cost-of-living raises.

The district anticipates a deficit budget of approximately $95,000 at the end of 2015, and a surplus of $405,000 at the end of 2016.

The tax rate includes $1.04 for maintenance and operations, and .327 for debt service. The board has held a number of budget presentations and workshops during meetings over the past several months, and the preliminary budgets were presented Aug. 10.

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