STISD taxpayers receive great news
Jul 21, 2013 | 1497 views | 0 0 comments | 31 31 recommendations | email to a friend | print
Skidmore-Tynan ISD trustees recently learned from their financial adviser that the district will provide taxpayers a lower rate next year. Due to prudent planning and conservative preparation for receiving state assistance with its debt from the new elementary school, the district will be able to lower its tax rate by a minimum of 3 cents.

Carole Estes, the district’s business manager, added “even if voters ratify the 7-cent increase for safety, security and technology improvements in the September election, the district already knows that it is able to lower the debt amount of the tax rate by 10 cents – and maybe even more than that. So that is a net tax rate decrease of 3 cents, and it may decrease more than that if certified property values increase as in past years.”

For every one dollar it pays toward its debt, S-TISD receives approximately one dollar of matching assistance from the state. Skidmore-Tynan ISD has maintained both a superior financial rating from the state and the highest bond rating given for more than 10 years.

Superintendent Dr. Brett Belmarez added, “Our teamwork keeps us on a great financial track. We have an excellent business manager, a premier financial adviser in Mr. Victor Quiroga, and a board of trustees that diligently and supportively oversees the school district financial picture in its monthly meetings.”
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