- Real Estate
- Paris Flash
Paris Independent School District plans to keep its tax rate the same for the 2013-2014 academic year.
No one spoke at a public hearing held during Monday’s school board meeting concerning the tax rate.
A school district tax rate is divided into two parts: maintenance and operations, which funds the general budget, and interest and sinking, which is the fund for debt payments. The proposed tax rate is $1.17 for M&O and 28.5 cents for I&S, for a total of $1.455 per $100 of assessed property value.
PISD increased the interest and sinking fund side of the tax rate last year by 3 cents. The idea was to keep the rate steady for this year, Business Manager Tish Holleman said.
Last year’s certified values came out to $632 million. The initial budget estimates figured this year’s value at $630 million. The actual value came in at $628 million, which lowered the expected revenue of $10.03 million by about $11,800.
“We weren’t that far off,” Holleman said. “We ended up going ultra-conservative. We lowered last year’s certified values a bit.”
The difference wasn’t lost property value, she said. It was more tax exemptions kicking in, primarily for senior citizens.
The budget includes a new pay scale. Teachers will be paid the state’s minimum scale plus $2,500. Aides move up a step on the salary scale. Secretaries and similar hourly positions will get a 75-cent-per-hour raise, and bus drivers will get a 50-cent bump in their per-route pay. Administrators get a 1 percent pay hike, apart from the superintendent.
By Jeff Parish, eParisExtra