School board proposes slightly lower tax rate
Aug. 10, 2010 at 3:10 a.m.
Public Meetings Both will be at 6 p.m. at the administration building, 102 Profit Drive
Aug. 19: Monthly board meeting and budget workshop
Aug. 26: Adopt tax rate and budget
The Victoria school district proposed a slightly lower tax rate for next year that will amount to $4,207 in local revenues spent for each of the district's 12,700 students.
The new proposed rate of $1.3226 per $100 valuation is slightly lower than last year's rate of $1.3227.
The proposed rate is less than the rate needed to raise the same amount of revenue as the current rate. That rate is $1.3391 per $100 valuation.
Increase in property values will make up the revenue difference. Last year the average value of a home in the school district was $114,500. That same home is now valued at $115,995. The owner of that home will pay about $25 more a year in taxes, according to school district calculations
The board will meet again on Aug. 19 for a regularly scheduled meeting and budget workshop session at 6 p.m. at 102 Profit Drive.
The final approval of the tax rate and the budget will be at a public meeting at 6 p.m. Aug. 26 at the same location.
The board also approved seven grant applications totaling $13,000 for the Victoria Education Foundation.
The grants will be spread over nine campuses and impact 174 teachers and 3,372 students.
Teachers who have received the grants will be surprised in the coming weeks.
The board also approved the hire of Dena Pilsner as the assistant principal of Victoria East High School. Pilsner formerly worked with the Family Connection, a program for at-risk, pregnant teenage mothers.