Boyd ISD to lower tax rate

By Richard Greene | Published Saturday, August 25, 2018
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With property values jumping $129 million, Boyd ISD expects to lower the tax rate for the 2018-19 school year.

Trustees will present a tax rate of $1.255 per $100 valuation Monday at its public hearing, which will start at 6:30 p.m. in the Boyd ISD Administration Building.

The rate is 5.5 cents lower than last year’s rate of $1.31. The district is keeping 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.

Boyd ISD’s tax roll jumped from $585 million to $714 million, allowing the district to cut the debt service rate and cover its payment.

“It’s one of the biggest jumps we’ve had. It had a good impact on the I&S rate,” said Boyd ISD Superintendent Ted West.

“[The rate] dropped some when we refinanced some bonds and lowered the payment.”

The administration will present trustees with a balanced budget of $12.438 million, which is an increase of $1.2 million.

“It’s our first balanced budget in four to five years,” West said. “We’re excited to not present a deficit budget.”

The district has $6.112 million in its reserves.

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