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Meeting Date:
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8/25/2022 - 6:00 PM
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Category:
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Consideration and Possible Action Item (s)
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Type:
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Action
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Subject:
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Adoption of the 2022-2023 Tax Rate
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District Goals:
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Goal 1 Thriving Students Goal 2 Engaged Community Goal 3 Empowered Staff
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Enclosure
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File Attachment:
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Summary:
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CE(Legal) requires the Board of Trustees to set the tax rate annually. The Board is to provide full disclosure of the actual tax cost to operate the District and to provide a public forum for taxpayer input.
CISD hosted the Public Hearing on June 23, 2022 to discuss the budget and proposed tax rates.
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Budgetary Impact:
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The budget as presented in June was based on the tax rate being adopted this evening. By adopting the tax rates tonight, it will produce tax revenue of $93,022,904 for Maintenance and Operations and $49,328,085 for Interest and Sinking.
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Recommendation:
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Recommend that the Board of Trustees levy the tax rate for the 2022 tax year at a total tax rate of $1.4429, $.9429 for Maintenance and Operations and $.50 for Interest and Sinking.
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Approvals:
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Recommended By:
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Signed By:
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Stacey Adrian - Chief Financial Officer
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Signed By:
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Michael McFarland - Superintendent
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Vote Results:
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| Original Motion | | Member Gary Grassia Moved, Member Kelicia Stevenson seconded to approve the Original motion 'Recommend that the Board of Trustees levy the tax rate for the 2022 tax year at a total tax rate of $1.4429, $.9429 for Maintenance and Operations and $.50 for Interest and Sinking.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | June Davis | Yes | | Mia Hall | Yes | | Gary Grassia | Yes | | LaTonya Mayfield | Yes | | Nedra Robinson | Yes | | Kelicia Stevenson | Yes | | Daryl Davis | Yes | |
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