Bulletin Staff Report

Bulletin Staff Report

The Brownwood Inde-pendent School District board of trustees adopted general fund, food service and debt service budgets totaling $29,491,077 during a called meeting Monday.

They also approved a tax rate of $1.04 per $100 valuation, unchanged from last year, for the general fund, and a $.2794 rate for debt service. Due to the debt service requirement, the total effective tax rate is up 2.4 percent for the fiscal year beginning today $1.3194 compared to $1.2876.

Trustees also approved the final 2008-2009 budgets for the general fund, food service and debt service. The year ended with the district enjoying a $4.8 million fund balance, compared to the $3.5 million they had anticipated at one point in the school year, administrators said.