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Meeting Date:
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9/12/2024 - 6:00 PM
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Category:
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Finance
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Type:
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Action
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Subject:
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Adoption of 2024-2025 Tax Rate
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District Goals:
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Goal 1 Thriving Students Goal 2 Engaged Community Goal 3 Empowered Staff
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Enclosure
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File Attachment:
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Summary:
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CE(Legal) requires the Board of Trustees to set the tax rate annually. The Board is to provide full disclosure of the actual tax cost to operate the District and to provide a public forum for taxpayer input.
CISD hosted the Public Hearing on June 27, 2024 to discuss the budget and proposed tax rates.
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Budgetary Impact:
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The budget as presented in June was based on the tax rate being adopted this evening. By adopting the tax rates tonight, it is projected to produce tax revenue of $82,278,980 for Maintenance and Operations and $54,474,960 for Interest and Sinking.
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Recommendation:
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I make a motion that on this date, September 12, 2024, we, the Board of Trustees of the Crowley Independent School District, hereby levy or set the tax rate for the District for the tax year 2024 at a total tax rate of $1.2552, to be assessed and collected by the duly specified assessor and collector as follows:
$0.7552 for the purpose of Maintenance and Operations, and
$0.5000 for the purpose of payment of Principal and Interest on debts.
Such taxes are to be assessed and collected by the tax officials designated by the District.
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Approvals:
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Recommended By:
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Signed By:
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Leon Fisher - Chief Financial Officer
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Signed By:
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Michael McFarland - Superintendent
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Vote Results:
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| Original Motion | Member Mia Hall Moved, Member LaTonya Mayfield seconded to approve the Original motion 'I make a motion that on this date, September 12, 2024, we, the Board of Trustees of the Crowley Independent School District, hereby levy or set the tax rate for the District for the tax year 2024 at a total tax rate of $1.2552, to be assessed and collected by the duly specified assessor and collector as follows:
$0.7552 for the purpose of Maintenance and Operations, and
$0.5000 for the purpose of payment of Principal and Interest on debts.
Such taxes are to be assessed and collected by the tax officials designated by the District.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Mia Hall | Yes | | Gary Grassia | Yes | | LaTonya Mayfield | Yes | | Kelicia Stevenson | Yes | | Daryl Davis | Yes | |
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