Good news is on the horizon for those taxpayers living in Lingleville ISD as a lower tax rate may save the average homeowner around $460 a year.
At the LISD school board meeting Thursday, Aug. 10, board members approved a proposed tax rate of $.9570 per $100 valuation. The tax is comprised of $.7095 for maintenance and operations and $.2475 for interest and sinking fund (also known as debt services). This compares to $1.1123 for last year’s rate.
Though taxpayers will see a savings, the whole proposed budget will see a 6.91% increase in expenditures.
For LISD, the total appraised property on the roll is $639,456,430 compared with $553,856,290. New property increased from $3,247,890 million to $ 6,330,850.
Fund balances for the end of the current fiscal year are $1.649 million in maintenance and operating and $157,000 in interest and sinking.
For those interested in providing feedback to the board on the tax rate or budget, a public hearing will be held at 8 p.m. Monday, Aug. 28 in the Lingleville Junior High Room 710.
The board also approved the replacement and upgrading of a couple of lights at the Lingleville football stadium. According to Superintendent DeeCee McDougal, the district is hopeful the work will be complete before the first football game in September.
After coming back into open session, the board moved to hire two new teachers and to approve additional Guardians for the Guardian program.