Goliad school board approves tax increase
Sept. 25, 2012 at 4:25 a.m.
JOINT SPECIAL MEETING
WHERE: Goliad ISD Administration Office, 161 N. Welch St.
WHEN: 11 a.m. Wednesday
WHAT: Meeting of the Goliad school board, Goliad County Commissioners Court and the Goliad County Appraisal District
WHY: To meet with attorneys prior to the start of the negotiations with Coleto Creek Power Co.
In a unanimous vote on Tuesday, the Goliad School Board approved a proposed tax rate of $1.2165, up 3.15 cents from 2011-12.
Superintendent Christy Paulsgrove said they had to increase the rate because the district's possible tax revenue is unknown while the county is being sued by Coleto Creek Power.
Coleto Creek Power, which generates about 40 percent of the tax revenue for the county and the school district, filed suit in district court on Aug. 16 to lower its assessed value by about $100 million.
Dorothy Foerster, finance and payroll supervisor for the school district, said the tax rate is an estimate until the dispute is settled.
"We have to figure out taxable dollars may go down, and you can't go up later," Paulsgrove said. "We can go down next year if we don't lose all that, but we can't go up."
Despite the county having to make about $500,000 in budget cuts and increasing the tax rate, Paulsgrove said the school's budget was not seriously affected because the state will make up some of the difference.
In the annual Appraisal District appraisal notices, the plant was originally valued at $355.3 million, Goliad County Chief Appraiser Pat Brennan said. The appraisal work was conducted by Pritchard & Abbott Inc., a Fort Worth valuation and consultant company.
After the power company contested the county's valuation, the Appraisal Review Board lowered the value of the plant $26.7 million to $328.6 million on June 20.
The first meeting between Goliad County and Coleto Creek Power is Wednesday to try to negotiate the value.