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.