Public Meeting Set for School Tax Rate
Aug. 28 at 6 p.m. in the school Administration Building, the GCISD board will hold a public hearing regarding their proposed tax rate for 2006-07. A special meeting will follow at 7 p.m., at which time the board will set the tax rate and approve the new budget.
According to Superintendent Steve Long, the proposed maintenance and operating tax rate is to be $1.3396, down from $1.4660 last year. A 10-cent interest and sinking fund tax for the bond issue will bring the total to $1.4396. County valuations are $671 million, up from $547 million last year. The new tax rate is expected to generate $9 million in local revenue, compared to last year’s $8.3 million. Total school revenue from all sources will be $9,7 million, with expenditures budgeted at $9.6 million.
At the regular school board meeting Aug. 14, the board hired Kathleen Schniers as a full-time cafeteria worker and Rachel Smith as an interpreter for hearing impaired children (Head Start), with this salary being paid with a grant. They also approved Texas Extension Service personnel Rebel Royall, Charlene Belew and Warren Multer as adjunct faculty.
The board approved an order authorizing issuance and sale of school building bonds. The 15-year bonds will pay 4.1 percent.
The school held a public auction Aug. 5 where various items including computers, desks, tires and busses were sold. Richard Wilde bought a 1995 bus for $500; Tony Gomez bought a 1990 model for $515, and James Schwartz bought a 1993 bus for $825.