(October 4, 2008)—Voters in the Belton Independent School District headed to the polls Saturday to decide whether to authorize an increase in the district’s maintenance and operation tax rate that would mean about $120 more a year in taxes on a $100,000 with a homestead exemption.
869 voted for the tax hike while 421 voted against it.
In August, the Belton School Board approved a maintenance and operation tax rate of $1.17 to cover the cost of salaries, supplies, maintenance and other district operations.
That’s a 13-cent increase over the current rate.
Under the state’s new public finance system, however, voters get the last word on the tax rate.
District officials say current revenue is insufficient to keep up with the rising cost of fuel, payrolls, utilities and other operating expenses.
The district’s total tax rate, which includes $.24 for interest and sinking will be $1.41, lower than the 2004 tax rate of $1.74.
BeltonISD Web Site
Save
Email
Print
5 comments
Terms of Use -
Privacy Policy -
EEO Statement
-
FCC Form 388