San Marcos — San Marcos Consolidated Independent School District property taxes will fall by 13 cents per $100 this year under a budget approved by the district’s board on Wednesday.
The tax rate will be $1.70 per $100 in appraised value compared to $1.83 last year. Enabled by the state school finance plan adopted this spring, the decrease amounts to $100 savings for the average homeowner.
The tax rate will fall another 33 cents next year if the school board does not increase taxes.
“There is a lot of confusion about how this works, and a lot of the confusion is in the Legislature,” school board member Peter Baen said.
Under the budget for the fiscal year that starts Friday, the district will spend $52.5 million in general fund money and add $517,016 to savings. Last year, the district spent about $1.4 million out of fund balance to balance the budget.
School board members said they were glad to add to the savings this time around. The estimated fund balance will be $12.3 million compared with a low of $3.8 million in recent years.
Last minute changes made on Wednesday include adding money for repairs to the central administration building and $45,000 for a demographic study to prepare to realign attendance districts for elementary schools.
Administrators also recommended adding money to extend a $600 raise to some school employees who missed out on other recent pay raises including diagnosticians, speech pathologists and assistant principals.
Local News
August 31, 2006
District drops tax rate
SMCISD taxpayers expected to save an average of $100
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