Category Archives: School Finance

Austin ISD trustees say no to tax rate election, yes to deficit spending

After considerable public debate, Austin ISD trustees voted Monday night to adopt an FY11 budget with no tax rate increase for maintenance and operations. As they did last year, trustees voted to dip into fund balance to cover a budget … Continue reading

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Austin ISD Trustees To Vote on Tax Rate Election Monday: Be Heard

On Monday night, Austin ISD trustees will decide whether to hold a November election asking voters for permission to raise the tax rate by up to five cents per $100 of assessed value to fund district operations. The board will … Continue reading

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Why appraisal declines don’t wallop school districts’ operation budgets

For most other local government entities—ACC, the health district, the county, cities and MUDs—a drop in taxable values means a commensurate drop in tax revenues, assuming the entity does not raise its tax rate to cover the difference. School districts … Continue reading

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El Paso ISD Voters Reject Tax Rate Election

Last month, El Paso ISD voters turned out in force to reject a 13-cent per $100 of assessed value increase in the school district’s tax rate. The final tally was 68 percent against, 32 percent for. Voter turnout was nine … Continue reading

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Austin ISD Heading for Another Deficit Budget

Last week, Austin ISD trustees took a step towards approving a deficit budget for the 2010-11 school year, voting 7-2 to spend $7 million out of the school district’s fund balance. Austin ISD’s fund balance, essentially the district’s savings account, … Continue reading

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