Proposed budget increases less than 1% over actual …
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The KISD Board of Trustees will hold an unusual morning session this Thursday, August 8 beginning at 8 A.M. The meeting will be held in the Media Center at Kennedale High School Athletic Complex, 901 Wildcat Way in Kennedale. {{more: continue …}}
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There are just two items on the morning agenda:
- Discuss and consider a proposed tax rate for the 2018 tax year and set a date for the public meeting to discuss the budget and proposed tax rate
- Discuss attendance zone boundaries for elementary students.
All meetings are open to the public. See?Posted agenda
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2018-19 budget summary …?To determined the tax rate for next year, the school board had to adopt a proposed budget which they did at the last board meeting. The 2018-19 proposed budget is $34,230,317.00 compared to the actual budget for the current year of 2017-18 of $34,022,891.00. This equals less than one percent increase (0.60).?Breakdown summary of spending:
- ?Instruction $16,361,999.00 – down by $159, 762 (-1%).?
- ? Instructional Support $8,073,489.00 – up $377,708 (+5%),?
- ?Central Administration $1,427,396.00 – down by 78,360.00 (-5%),?
- ?District Operations $4,598,023.00 – up by $16,355 (+0.3%),?
- ?Debt Service $3,658,410.00 – up by $39,885 (+1.2%), and?
- ?Other Expenditures $111,000.00 – up by $11,600 (+13%).
?Both the 2018-19 Proposed Budget and a proposed 2018 Property Tax rate can not be officially adopted until the KISD Board of Trustees has held a public hearing to discuss these items. That item is on the agenda for Thursday.?average yearly budget increase less than 1% …?
?Public schools in Texas are funding primarily in two ways.? First is through property taxes collected at the local level and second by state funds provided by the Texas Foundation School Program.? A third source, usually significantly less, comes via federal funds. School districts do not collect sales tax revenue. Check out?More than you every wanted to know about school finance in Texas?Since the State of Texas has been loathe to increase spending on education to keep up with rising cost, school districts have had to rely more on property taxes and creative funding.? Fortunately for Kennedale ISD, it has benefited from rising property valuations resulting from new housing developments and growth in local business.? School staff have also made smart use of federal funds.?All this has provided a stable income source and apparently combined with careful management, the school district has kept increases to less that 1% a year over at the last 3 years, averaging 0.86 per year.? While that maybe a small comfort for the local property owner who is shouldering the lion share of all of it, it at least it shows that the district seems to be providing a pretty good bargain for the buck.
