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SISD adopts tax-rate increase
STOCKDALE -- The Stockdale Independent School District (ISD) board of trustees has approved an 8-cent increase in the district’s tax rate. This action was taken during an Aug. 30 special called meeting.
According to Stockdale ISD Business Manager Becky Stewart after the meeting, no comments were given during the public hearing immediately preceding the meeting regarding the district’s proposed tax rate of $1.34 per $100 of valuation. This rate is still lower than the $1.417 set six years ago.
The rate comprises $1.04 for maintenance and 30 cents for debt service. The district’s outstanding principal on bond indebtedness totals $10,040,000. This includes the $3.25 million bond issue voters approved in November 2010 for the junior high/high school cafeteria and vocational ag-science buildings, bonds for construction of the elementary school in 1999, and the $5.5 million bonds for the high school in 2006.
Maintenance and operations will decrease by 4.6 percent, while the debt service will increase by 34.3 percent, according to the Aug. 29 tax rate public notice posted.
Taxpayers with a 2012 average home valued at $83,128 will see an increase of $68.69 in their bills, totaling $1,113.91.
According to certified market values for the school district from the Wilson County Appraisal District, the district gained $19,197,621 in appraised property value, an increase of 4.41 percent.
The proposed state revenue per student for this year is $6,089, $27 less than last year, according to information provided by the district.
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