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La Vernia trustees cut school tax rate
N. KILBEY-SMITH —
La Vernia Independent School District Director of Finance Kati Burke presents tax rate and budget information during the Aug. 19 public hearing and special meeting of the district’s trustees.
The La Vernia Independent School District trustees have adopted a tax rate of $1.38 per $100 of assessed value for the coming fiscal year. The rate was approved during the board’s Aug. 19 special meeting.
This is a penny less than last year’s rate of $1.39, which was a 1/2-cent drop from the previous year’s rate of $1.395. The rate includes $1.04 for maintenance and operations, and 34 cents for debt service. The district had published a public notice proposing a tax rate of $1.39.
Director of Finance Kati Burke presented the proposed budget and four different tax-rate scenarios for the board during a public hearing prior to the board’s vote. Only one member of the public and one media representative attended.
Revenue from the ad valorem taxes collected by the district will support a balanced budget of $24,607,121, which includes $1,343,669 for the school nutrition program. Instruction comprises $13,831,041 of the budget.
The total taxable value of all property in the district, according to the public notice announcing the tax rate hearing, is $776,999,044, which includes properties in both Wilson and Guadalupe counties. The average taxable value of a residence in the district is $169,337. The taxes due on such a residence will be $2,336.85.
The district anticipates a collection rate of 99 percent, Burke said after the meeting.
The budget was approved unanimously by the six board members present; Janette Chall was not in attendance. The tax rate passed 5-1, with James Barnett voting in opposition.
The trustees also briefly discussed board operating procedures.
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