- Paris Flash
- Real Estate
Board members met Tuesday evening and discussed the increase on the side of indebtedness, and according to PISD Business Manager, Tish Holleman, the 3 cent tax increase will bring in an estimated $200,000 in local tax revenue to the district.
For the average homeowner, this increase will equate to a $15 per year raise in taxes — a $100,00 home, $30, and a $200,000 home, $60 per year.
The board will hold a meeting on August 2nd at 7am to decide the tax increase that will be run in an ad and displayed publicly. They will also decide on a date for the meeting that will vote on the increase — after the public has had a chance to see the proposed figure. This will come in the latter part of August.
The school district has been informed by financial advisors that it could be better long term to raise the I&S rate for this year, and possibly next year, as opposed to keeping it at its current rate for the next two years, risking a larger interval jump then to cover future bond payments.
Stay tuned to the Extra for more on this subject and follow up articles.
Article by Josh Allen/Managing Editor – eParis Extra!