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NBISD’s Board approves 2017-2018 budget, pay raises
06/28/2017

The New Braunfels Independent School District Board of Trustees approved the 2017-2018 budget, during their regular monthly meeting held on June 26 in the NBISD Education Center Boardroom. The 2017-2018 fiscal year for NBISD begins July 1, 2017.

The Board approved a budget of $88.3 million, which is nearly 8 percent more than last year’s budget of $81.8 million. The newly adopted budget includes a general operating fund of $69.2 million, food service fund of $3.3 million and a debt service fund of $15.8 million. 

 

The 2017-2018 general operating fund is approximately $4.8 million more or 7.5 percent higher than in 2016-2017 and the food service fund had an increase of 6.5 percent. The debt service had a 3 percent increase for bond repayments.

 

The approved budget included a pay increase of 3 percent on the midpoint (of each pay grade/structure) for employees.

 

The board also adopted a teacher and librarian hiring schedule that includes a starting salary of $49,000 for those with a bachelor’s degree and $50,500 for those with a master’s degree.

 

On June 26, the Board also held a public hearing to discuss the proposed tax rate of $1.3391 per $100 property valuation for the 2017 tax year. The proposed tax rate includes a $1.0133 for Maintenance and Operation (M&O) and $0.3258 for Interest and Sinking (I&S) that goes towards paying bond debt.

 

An NBISD homeowner will pay an average of $2,833.25 in annual taxes on a home valued at $240,906 – the average market value of residences in NBISD. The official order adopting the tax rate will be voted on during the August 21 board meeting.

 

“This is the 11th year in a row that NBISD has not increased the tax rate,” said Steve Brown, NBISD Executive Director of Finance and Operations. “Taxpayers, however, will pay an average of $186 more in taxes than last year, due to the increase in property values for the district.”


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