Trustees of the Early Independent School District voted to accept the administration’s recommendation to “keep it steady,” as Superintendent Brett Koch said, in approving a plan to publish proposed tax rates for 2008-2009.
Action came at a called meeting Thursday held after a two-hour budget workshop in the library of the elementary school.
Trustees voted to publish a rate of $1.04 per $100 valuation for the maintenance and operations portion of the budget in the fiscal year beginning Sept. 1, and 35 cents per $100 valuation for debt service, or the interest and sinking fund.
The $1.39 total is the same as for the 2007-2008 year.
The board also decided to hold a meeting at 6 p.m. Tuesday, Aug. 26, to formally approve the new budget and tax rate. Officials said the rate adopted then could not be set higher than those published, without taking additional steps.
The proposed general fund budget is $10,182,368. The total of all funds in the budget under consideration is approximately $13.4 million.