Boyd ISD approves bigger budget, cuts tax rate

By Richard Greene | Published Saturday, September 1, 2018
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Boyd ISD trustees put a $14.48 million spending plan in place Monday night for the 2018-19 school year.

Trustees approved the annual budget that included $12.445 million for maintenance and operations, $653,261 for food service and $1.384 million for debt service.

The budget increased $1.2 million from last year as revenues jumped.

“We’re up over $1 million with taxable values and our enrollment going up,” said Boyd ISD Superintendent Ted West.

Boyd ISD’s tax roll jumped from $585 million to $714 million, an increase of $129 million. The increase in the tax roll allowed the district to cut the total tax rate to $1.255 per $100 valuation. The rate is 5.5 cents lower than last year’s rate of $1.31.

The district kept the $1.04 maintenance and operations rate to cover personnel and daily operations cost. It is slashing the debt service rate from 27 cents to 21.5.

The district’s debt service payment will be $1.3 million.

Even with the cut, the average homeowner in Boyd ISD will see an increase of $148.24 in their tax bill. The taxable valuable of a home after the $25,000 homestead exemption increased from $108,697 to $125,273. The average tax bill will be $1,572.

In the proposed budget, the district is adding a school resource officer, counselor at the middle school and interventionist.

West said the district cut several spots in the past several years due to the loss of the additional state aid for tax reduction (ASATR) from the state.

“With the values rebounding, we’ve been able to add back several positions,” West said.

The district will give support and professional staff a 3 percent raise. The teacher salary schedule will also be adjusted by 3 percent. Beginning teacher pay will be $35,734.

The school will continue its $1,200 stipend for staff members performing community service. West said Boyd ISD staff members performed nearly 1,000 hours of community service in the past year.

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