NEWS HEADLINES

Bridgeport School Board adopts $22 million budget

By Jake Harris | Published Wednesday, August 27, 2014

The Bridgeport school board adopted a $22,024,851 budget and a tax rate of $1.23280 per $100 valuation at its specially-called meeting Monday night.

The budget breaks down into $18,128,925 for operating expenses, $1,179,561 for food service and $2,716,365 for debt service.

The operating budget is more conservative than last year’s by $83,321, with most of the changes coming from a $629,989 fund balance transfer into the operating budget.

The district plans to spend less on teacher instruction, library costs, guidance counseling, administration, plant maintenance, security, data processing and facilities – and more on curriculum, instruction and school leadership, social, health, transportation, extracurricular, debt, contracted and shared services and government expenses.

Most of the revenue to pay for that will come from the local tax revenue, at a rate of $1.23280 per $100 valuation.

The food service portion of the budget increased by $77,335 from last year, while the money alloted for debt service increased by $25,750. The district’s $0.19280 interest and sinking fund tax will go towards that debt, while the other $1.04 will go towards district maintenance and operations.

Board vice president Charles Mauldin was not present.

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