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NBISD’s Board approves 2018-2019 budget, pay raises

The New Braunfels Independent School District Board of Trustees approved the 2018-2019 budget, during their regular monthly meeting held on June 25 in the NBISD Education Center Boardroom. The 2018-2019 fiscal year for NBISD begins July 1, 2018.

The Board approved a budget of $90.6 million, which is 2.5 percent more than last year’s budget of $88.4 million. The newly adopted budget includes a general operating fund of $71.3 million, food service fund of $3.4 million and a debt service fund of $15.8 million. 


The 2018-2019 general operating fund is approximately $2.1 million more or 3.1 percent higher than in 2017-2018 and the food service fund had an increase of 3.5 percent. The debt service fund did not see an increase from $15.8 million.


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 $50,000 for those with a bachelor’s degree and $51,500 for those with a master’s degree.


According to Board President Sherry Harrison, the district’s annual budget is shaped and discussed by the Board of Trustees for several months before its approval, beginning with recommendations from Administration. This year, the Board felt compelled to digest and discuss the budget in greater detail than in previous years by requesting and participating in additional Board workshops devoted exclusively to the budget.


“These workshops provided the opportunity for the Board of Trustees to thoroughly discuss each budget item, it’s priority to the district’s operations, and to clearly understand the dollar amounts being proposed,” said Harrison. “I am confident that we have adopted a comprehensive budget that will put us in an excellent position to meet the needs of those we serve.”


On June 25, the Board also held a public hearing to discuss the proposed tax rate of $1.36580 per $100 property valuation for the 2018 tax year. The proposed tax rate includes a $1.04 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 $3008.34 in annual taxes on a home valued at $248,142 – the average market value of residences in NBISD. The official order adopting the tax rate will be voted on during the August 20 Board meeting.


“This will be the first time in more than a decade that NBISD has been faced with the need to increase the tax rate,” said Steve Brown, NBISD Executive Director of Finance and Operations. “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.”

For more information, visit the NBISD Fiscal Information webpage.

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