NEWS HEADLINES

Alvord ISD’s budget, tax rate down

By Bob Buckel | Published Saturday, August 23, 2014

With last year’s big paving project on the ground and paid for, Alvord ISD Superintendent Bill Branum said the district’s proposed budget and tax rate are both a little smaller for 2014-2015.

The proposed operating budget for next year is $7,222,956 – about $290,000 less than the current 2013-14 operating budget.

“This reduction is mostly due to the fact that the major expenditures for paving have been completed,” Branum said this week. The budget was discussed in a school board work session Aug. 12.

Branum noted that the instructional budget is increasing by about $192,000 – to $3,869,000 – due to the addition of art being offered on each campus, an assistant principal position at the elementary campus and the startup of a volleyball program at the middle school and junior varsity levels.

Branum said the food service budget has also increased by about $12,000, and bond payments for the new middle school and high school addition are going up about $3,000. The proposed food service budget is $440,348 for the fiscal year, and bond payments are $814,000.

The total of the proposed operating, food service and debt service budgets is $8,477,304 for 2014-15.

The proposed tax rate to fund that is $1.3540 – down a penny from last year. The proposed rate includes $1.17 for maintenance and operations and $0.1840 for debt service.

Branum told the board in its July 31 meeting that a 6.37 percent rise in property values would likely require the district to return between $89,000 and $110,000 to the state under the Robin Hood finance system.

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