Trustees of the Brownwood ISD school board were presented with the proposed 2011-2012 budget that decreased by 1.85% over last year, but still provides salary increases for employees and no tax increase.
“This budget worked out,” said Deputy Superintendent Kevin Gabaree said, “We were able to overcome a $1.5 million decrease in state funding.”
Gabaree said that a combination of factors including increased property values and increased enrollment enabled the district to make the proposed budget. These factors also enabled the district to decrease the proposed property tax rate by about 2 cents per $100 valuation. Gabaree said that with the increased property values and enrollment, “less money is needed from our local people.”The proposed total tax rate for the district is $1.2939 per $100 valuation compared to $1.3147 for the previous year. The overall proposed budget for 2011-2012 is $25,143,961 compared to $25,582,771 the previous year.
The Brownwood ISD School Board will meet on August 29th in a special meeting to adopt the budget and tax rate for the new school year.
