FISD trustees adopt same school tax rate
The Fredericksburg Independent School District board of trustees adopted its tax rate of $1.04 for maintenance and operations and $.10620 for interest and sinking tax rate for the year.
The district has had the same tax rate same rate as it has since 2007, though property value increases have increased revenue substantially since that time.
The district’s fiscal 2019 budget of $46,728,907 was approved in late June and included a one-percent salary increase for teachers.
This year’s budget amount saw nearly a four-percent increase, due to the increase in property tax revenues and the state school funding formulas that dictate the district pay Chapter 41 payments. Those recapture payments are predicted to increase, and the board will know by November what the exact amount will be. Last year, the district remitted $12 million to the state.
The board also approved the 2019 central appraisal and collections budget in the amount of $1,071,759. FISD’s estimated allocation will be $666,142.07.
The FISD Education Foundation presented a memorandum of understanding to the board that describes how the foundation intends to work with the school district.
The foundation is currently working toward assisting the school district with funding as the district continues to see a decrease in state funding and increase in Chapter 41 recapture payments.
Education foundations, such as the one here, are being created across the state to assist school districts that are seeing a decrease in state funding.
Anthony DiCuffa, a member of the foundation, presented the MOU to the board and a few of the projects planned for the year.
“We are seeking to provide a channel for the district to do fundraisers specifically for our teachers, administration and staff on all the campuses throughout the district,” DiCuffa said. “We are working hard to raise lots of money for this district. We are pushing to raise hundreds of thousands of dollars with participation and partnership with the community.”
FISD Board President Brian Lehne expressed his appreciation for the foundation.
“They (foundation members) have worked hard and spent a lot of time and effort to help support the staff, teachers. It’s extremely important to me and to this board,” Lehne said.
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