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Public Meeting on June 25 to discuss budget, proposed tax rate
06/18/2018

The New Braunfels  Independent School District Board of Trustees will hold a Public Meeting to discuss the 2018-2019 Budget and Proposed Tax Rate at 6:30 p.m. on June 25 in the NBISD Education Center Boardroom, located at 430 W. Mill St., New Braunfels, Texas 78130.

 

The purpose of this Public Meeting is to discuss the school district’s budget that will determine the tax rate to be proposed. NBISD residents are invited to participate in the discussion.

 

The district has posted the official notice of this public meeting with a proposed tax rate of $1.3658 per $100 property valuation for the 2018 tax year. This includes a tax rate of $1.04 for Maintenance and Operation (M&O) and $0.3258 for Interest and Sinking (I&S).

 

The Notice of Public Meeting to Discuss Budget and Proposed Tax Rate can be viewed online at:

http://www.nbisd.org/upload/page/0117/docs/Business%20Office/2018_Proposed_Tax_Rate.pdf

 

According to NBISD Executive Director of Finance and Operations Steve Brown, this will be the first time in more than a decade that NBISD has been faced with the need to increase the tax rate. This change in the tax rate will allow NBISD to hire the necessary staff to accommodate enrollment growth and enhance school safety and security needs.

 

The regular monthly Board meeting for NBISD will be held at 7 p.m. on June 25 following the Public Meeting. The agenda will include action items related to the adoption of the 2018-2019 budget. The official order adopting the tax rate will be voted on during a Board meeting in August.


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