The San Marcos CISD trustees recently passed a budget and tax rate for Fiscal Year 2010, making no essential changes from the original proposal made in July.
The ad valorem tax rate is the same as last year — $1.37 cents per $100 of taxable value. Of that rate, $1.04 will go towards general operations, with the other 33 cents earmarked for debt service.
The $71.2 million budget calls for $57.1 million to the general fund, $3.4 million for the child nutrition program, and $10.7 million for debt service.
The new budget funds the district’s operations from Sept. 1, 2009, through August 31, 2010.
The budget includes a minimum $1,000 salary increase and a “step” for teachers, counselors, librarians, nurses, and speech therapists after HB 3646 required a minimum $800 increase. All other employees will receive a three-percent increase from the step midpoint.
The starting salary for teachers will increase to $40,000. The school district also is adding teachers.
School officials said taxable property values across the district increased about 4.3 percent, resulting in revenue gains of approximately $1.39 million for the general fund and $440,000 for the debt service fund.
The school district will use about $357,000 from its $21 million reserve fund to “balance” the budget.
A summary of the 2010 adopted budget may be found on the San Marcos CISD website, at http://www.smcisd.net.