The Board of Trustees voted to set the proposed tax rate at the August board meeting tonight. The total proposed tax rate is 1.1635 for the upcoming school year, with a total tax levy of $36,575,129. The tax rate is made up of .9485 for maintenance and operations (M&O) and .215 for Interest and Sinking (I&S). This is a decrease of 8.98 cents per $100 of valuation from the 2022 tax rate.
The proposed budget is $81,898,876.
“The proposed budget includes the raises, capital projects, and anything I knew that needed to be budgeted for next year. There could be some small changes. I’ll be combing through everything in the next couple of weeks,” said Charlotte Bynum, CFO.
The budget is proposed based on last year enrollment counts. Mrs. Torres, Superintendent, said the enrollment usually jumps after Labor Day.
The district will have a public hearing to discuss the budget and set the tax rate on Tuesday, Aug. 30 at 6 p.m. at the Lufkin ISD Administration building.