Brownwood ISD is poised to decrease the tax rate for a second year. At the regular meeting of the Brownwood ISD board of trustees on Monday, board members approved a proposed tax rate for 2015-2016 for public notice.
The proposed tax rate of the district is based on a tax rate of $1.04 for Maintenance and Operations and $0.1751 for Interest and Sinking. This is a 3.96 cents decrease from the current total tax rate of $1.2547/$100 evaluation
BISD is set to adopt the decreased tax rate at a special called meeting of the board at 7:50 a.m. on Wednesday, August 26th. This date allows the business office the needed time to provide greater accuracy to approve the 2014-2015 amended budget, according to BISD Deputy Superintendent of Finance Kevin Gabaree. After the lower rate is adopted, the district’s tax rate will have decreased a total of 8.96 cents over the last two years.Gabaree explained that the lower tax rate is possible this year due to refinancing the district’s Series 2005 bonds in October of 2014.
