Lindale ISD:
LINDALE (KYTX) - Tax payers in the Lindale Independent School District will see no change to the current tax rate for the 2012-2013 school year.
Monday night trustees of the Lindale ISD voted to keep the same tax rate as the previous year, while adopting a slightly lower general fund budget for the district.
LISD's total tax rate is the same as the 2011-2012 rate with a Maintenance and Operation (M/O) rate of $1.06 and an Interest and Sinking (I/S) rate of $0.395.
LISD trustees did make changes to the district's general fund budget for the upcoming school year. The adopted budget includes total revenue and expenditures of $26,137,101. The amount is $84,855 less than the 2011-2012 budget.
"I am pleased with the budget that our administrative team and school board developed and adopted," Lindale ISD Superintendent Stan Surratt said. "We hope that unknown factors like future expenses related to such things as electricity usage, fuel, food and other variables will not drastically increase so that we can meet our budget goals. Our staff does a wonderful job of being conservative and helping control cost for the district.
This year's budget process was a tough one. Our total revenue was cut again by the government. Last school year LISD received a reduction of almost $1.7 million in state revenue funds and during the 2012-2013 school year, LISD will receive about $700,000 less in federal funds."
Several costs included in last year's budget were eliminated for 2012-2013. Those costs included the purchase of a school bus, district phone system, and one-time technology purchases. Reductions were also made to the maintenance and renovation budgets.
"This is a very tight budget because of the large reduction that LISD has received over the last two years," Surratt said. "We did delay some large expenditures hoping that there will be improved funding from the state in the near future."
