By NICOLE JONES
The Friendswood ISD Board of Trustees on Aug. 12 Oked a total school tax rate of $1.2594 per $100 of assessed property value for fiscal year beginning Sept. 1.
The total tax rate is a .1076 decrease from the current rate.
Trustees at that meeting also approved a new fiscal year budget that includes general fund revenues and expenditures of $53.66 million, higher than the current general fund budget of $50.45 million. The new budget also includes $7.24 million debt service and a $2.63 million food service budgets.
Discussed by the school board and staff for months in workshops, the 2019-20 budget was based on projected enrollment this year of 6,060, a slight increase over last school year. The district’s capital fund, money used for one-time purchases such as land, buildings or vehicles, is $130,000.
Described as one of the most transformative Texas education bills in recent history, HB3 will increase state revenues to the district to the tune of $4.3 million. HB3 also mandated raises for teachers, counselors, nurses, and librarians, and school districts will now be funded on current year property values. Previously, funding was based on the prior year property values, causing a lag in funding when comparing local values to state values.
In the current year’s budget, just over 25 percent of revenues were from state sources, with 74.4 percent from local taxes. For the coming fiscal year, 32.4 percent of revenues will come from the state, with 66.6 percent from local sources.