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Trustees approve $9.22M budget
STOCKDALE -- The Stockdale Independent School District (ISD) board of trustees is proposing no change in the district’s current tax rate, $1.34 per $100 of valuation, to support its 2014-15 budget of $9.22 million.
Taxpayers were invited to weigh in on the proposed rate June 30 during a public hearing on the budget and proposed tax rate and a special meeting. The rate comprises $1.04 -- set by the Texas Legislature -- for maintenance and operations, and 30 cents for debt service. No one addressed the school board during the hearing, according to Superintendent Paul Darilek afterward.
The superintendent said the board approved the budget as presented, which includes:
•General operating fund: $7,735,976
•Cafeteria fund: $451,527
•Debt service fund: $778,458
•Textbook fund: $102,649
•Federal funds: $154,611.
Increases were made in payroll, fuel, textbooks, and utilities.
Administrators and at-will staff will receive a 2 percent raise, to the midpoint of each pay grade. Teachers, counselors, nurses, and librarians will receive step increases.
According to a public notice posted in the June 25 Wilson County News, state revenue per student will increase by $174. The total revenue per student last year was $6,423; for 2014-15, the district projects it to be $6,597.
Compared to last year’s budget, maintenance and operations costs have increased by 2.904 percent, and debt service increased by 0.303 percent.
The estimated total appraised value used for the budget increased by more than $15.396 million for the current year.
The district saw a decrease of almost $2.369 million in the value of new property. The total taxable value of all property within the district increased by $14.262 million, for a total of approximately $183 million.
In other business, the board terminated the financial advisory contract with Southwest Securities and will engage with Frost Capital Markets. Darilek explained that the school district has been working with Southwest Securities since the mid-1990s.
The decision follows personnel changes within Southwest Securities. Steve Elliott has retired and Victor Quiroga is now employed with Frost Capital Markets. Darilek said Frost Capital also provided a better deal for the district.
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