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Last Updated: Sep 10th, 2013 - 13:56:20


DISD board adopts tax rate
By Michael Wright, Editor
Sep 10, 2013, 13:55

Dumas ISD Board of Trustees adopted a resolution establishing the tax rates for the 2013-2014 school year. The tax rate approved includes $1.0400 per $100 valuation for maintenance and operations and $0.1074 for interest and sinking.
Assistant Superintendent for Business Greg Lewis pointed out that a public hearing was held in June regarding the tax rate and the district's budget was previously adopted as the fiscal year began july 1. The tax rate could not be adopted until the district received final tax values from the Moore County Appraisal District.
Lewis pointed out that the proposed rate in the June notice was $1.1536 per $100 valuation. The current proposed rate, including maintenance and operations and interest and sinking, is $1.1474, which is below the proposed rate. This, Lewis said, is due to actual certified tax values being higher than originally estimated and used to figure the rate for the June notice.

Find out about other items discussed in the meeting by reading the story on Page 1 of the Sept. 12 print edition.