The Bandera Independent School District will discuss projections for its budget and tax rate in the 2020-2021 school year at a meeting on Thursday, June 25, at the BISD Board Room in Bandera beginning at 6 p.m.
The board room is at 815 Pecan St.
BISD Chief Financial Officer Mike Neuman will present the budget proposed for the school year and the proposed tax rate, which district officials have been evaluating for weeks.
Officials said the proposal call for a slight reduction in the tax rate next year to $1.0964 per $100 valuation from $1.10 per $100 valuation this year.
The tax rate is expected to fall next year in part because the value of the district’s tax roll is projected to grow by $146 thanks to new property that has been added in the district and the increasing value of existing property.
The tax rate is applied to the tax roll to determine how much property tax revenue the district will have to finance programs and operations in the new year.
Projections show that the owner of the averaged-priced home in the district will pay about $7 more in property taxes next year if the rate is reduced by the amount proposed.
The value of that average-price residence is expected to jump by about $488 next year, which explains why the anticipated tax levy on the average home would increase.
Aside from outlining tax implications of the new budget, Neuman will talk about changes that are expected in state and federal funding for the school district next year and how those changes will affect instructional programs and school activities.
The budget will finance operations in the district’s new fiscal year, which start July 1.