SISD formally adopts budget and tax rate

Slaton ISD formally adopted the 2018-2019 budget at a called meeting Tuesday and adopted the tax rate for the year, after no one attended the called public hearing.

The operating budget is $13.12 million, with $1.185 million of that designated for in debt service for a total budget of $15.09 million.

The budget is about 7.9 percent higher than last year, but because of rising valuations, the tax rate did not increase.

The tax rate will remain the same, with $1.17 per $100 valuation for maintenance and operations and .294 cents per $100 valuation for interest and sinking, for a total rate of $1.464 per $100 valuation.

Read more in this week’s edition of The Slatonite.