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BRYSON ISD

This proposed budget aims to provide a high-quality school for the community, maximize state aid, retain high-quality personnel, and ensure the future financial health of the district. It takes into account factors affecting district funding and property values, and proposes a tax rate of $1.38/$100 valuation.

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BRYSON ISD

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  1. BRYSON ISD 2018-2019 Proposed Budget Prepared by David Stout, Bryson ISD Superintendent

  2. District Funding • State Aid • Local Taxes • Federal Funds

  3. State Aid History • “Target Revenue” system locked in funding at 2005-2006 levels. • At same time, Legislature cut local property tax rates by 33% from cap of $1.50 to cap of $1.00 ($1.04) • Loss of local property tax revenue from budget revenue has never been replaced in state aid since local property taxes were cut by 33%. • Transportation allotment was last updated in 1984

  4. Property Values • M&O certified property values increased for Bryson ISD in 2018 due to Ch. 313 agreement expiring with Barton Chapel Wind LLC. • I&S certified property values continued to decrease significantly due to the depreciation of the wind farms values.

  5. Positive Factors Affecting Finances • Compared to many rural districts, BISD has a diverse local property value based on mineral resources and wind energy. • District enrollment is 251 (259 this time last year, ended with 253 last year). For the last 6 years, enrollment has been up from what it was in 2011 and has been basically stable. • State will fund us on last year’s values which will benefit BISD for 18-19. • Supt. has searched out all possible revenue streams. • Supt. has worked to keep HR cost to a minimum, while meeting all needs of all students. • Senate Wind Ch. 313 agreement benefits the school district through January of 2020.

  6. Negative Factors Affecting Finances • State cuts in funding in 2011 have not been restored • We have lost $74,000 in annual Federal funding since September 1, 2012. • Declining I&S values continue to require changes in how the revenue is generated to pay our debt service requirements.

  7. Goals of Budget Process • Provide High Quality School for Children of the Community. • Fairness and Responsibility to Taxpayers • Maximize Available State Aid • Ensure Future Financial Health of District • Retain High Quality personnel • Work toward a balanced budget

  8. Property Taxes are Determined By: • Local Property Values • State Laws • District Tax Rate – Effort (we have highest M&O rate possible without a Tax Ratification Election) • Bonded Debt (I&S rate)

  9. Proposed Tax Rate The Proposed Tax Rate for 2018-2019 is: Maintenance &Operation = 1.04 Interest & Sinking = .34 For a total rate of $1.38/$100 Valuation. Both rates are the same as the 17-18 budget cycle

  10. Taxes Due for Average Home in BISD • Taxes due on average residence for last year was $315.58 • Taxes due on average residence for this year is $ 288.50 • 12 years ago tax rate was $1.50 for M&O and .07 for I&S or total of $1.57 ($1.38 is proposed for this year)

  11. Fund 199

  12. Fund 240

  13. Fund 599

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