Generic education

The Victoria school board adopted a lower overall tax rate and a budget Thursday night that would increase revenue by $5.5 million and direct about $1 million to replenish the district’s reserve balance.

The board adopted a more than $123.8 million budget for the 2019-2020 school year. The district will collect more than $57 million from property owners, a decrease of $6.3 million in taxes from last year because of a tax rate decrease mandated by House Bill 3, said Frances Koch, assistant superintendent for budget and finance. About $4 million will go toward teachers’ salaries.

The bill was passed by the Texas Legislature this year and provides more funding for schools, teacher compensation and reduced local property taxes.

Board president Tami Keeling said she is pleased with the balanced budget.

“You’ve implemented the board’s priorities and we’ve been able to move swiftly with confidence in approving the salaries early and that’s the lion’s share of the budget,” Keeling said.

The board adopted a tax rate of $1.1935 per $100 of assessed valuation, of which 97 cents per $100 of assessed valuation is for day-to-day operations and 22.35 cents per $100 of assessed valuation goes to pay off debt.

More than $1 million will also go toward the district’s reserve balance, which officials have said has been in decline for years. The estimated fund balance for the 2019-2020 school year is about $12.8 million, Koch said.

The reserve fund balance in 2015 was at $16.8 million and at $11.8 million last year, according to district officials.

“We’ve all heard Dr. (Quintin) Shepherd speak about the glide path (of the fund balance) ... It looks like our glide path is heading in the right direction,” Koch said. “However, there’s still work to be done. We’re not quite there yet.”

Amber Aldaco reports on education for the Victoria Advocate. She may be reached at or 361-580-6303.

You must be logged in to react.
Click any reaction to login.

Education Reporter

Amber Aldaco is the education reporter at the Victoria Advocate. She's covered various events in the Crossroads including a zoo rescue, a biker funeral and a state meeting with the governor. She enjoys singing with her significant other.

(0) comments

Welcome to the discussion.

Transparency. Your full name is required.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article. And receive photos, videos of what you see.
Don’t be a troll. Don’t be a troll. Don’t post inflammatory or off-topic messages, or personal attacks.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.

To subscribe, click here. Already a subscriber? Click here.