Weatherford Democrat

Aledo ExtrA

August 12, 2013

Aledo ISD considers tax hike

BY JUDY SHERIDAN

Aledo Independent School District trustees are considering a 12—13-cent tax rate hike — from $1.4252 to $1.5475 per $100 assessed valuation — for the upcoming school year.

The new rate, recommended by school administrators, would add about $300 to the tax bill of the owner of a $250,000 home.

The current rate has remained unchanged since 2008-09. It is composed of two parts, a debt service rate of $25.52 cents and a maintenance and operations rate of $1.17.

In a budget workshop Aug. 5, school board members informally agreed to publish the proposed rate in a public notice Aug. 16, as the law requires, and asked administrators to assemble a committee to compose a message explaining the board’s rationale for the increase to the public.

Once the rate is published, trustees might choose to approve the entire increase or some lesser amount, but they cannot approve a higher rate.

Trustees could still decide to mitigate or postpone a tax rate increase by using monies from the general fund balance.

Last year the board decided to deplete both general fund and debt service fund balances to increase pay for teachers and avoid a tax increase.

However, the general fund actually increased over the year due to higher-than-expected revenues and lower-than-expected expenditures.



Debt Service Fund

Administrators say the proposed increase would restore the debt-service portion of the tax rate. That portion was reduced in 2010 when voters approved a Tax Ratification Election, allowing the portion of the tax rate that fuels operations to increase. The swap preserved staff and programs threatened by state funding reductions without increasing the overall tax rate.

Since then, the district has tapped the debt service fund balance to meet bond payments, according to budget figures presented by Chief Financial Officer Earl Husfeld, who now estimates that the fund balance will reach $552,000 — the minimum recommended by financial advisors — by Aug. 31.

The proposed 2013-14 rate increase stems from the difference between estimated revenue and debt payments.

“In 13-14, we’re estimating revenues at $6.4 million and pretty well know our payments are almost $9.6 million, so there’s an almost $3.2 million difference we need to derive from one of two sources,” Husfeld told the board, “increasing the debt service portion of our tax rate, transferring funds from the general fund balance, or some combination of the two.

“Based on the numbers here, it would take a $37.55-cent [debt service] tax rate to cover that $3.2 million difference.”

Text Only
Aledo ExtrA
  • IMG_1138.jpg Ride for Heroes a success

    Nearly 1,200 cyclists flooded the roads around East Parker County during Saturday’s 12th annual Moritz Ride for Heroes.

    April 23, 2014 1 Photo

  • H. Harris.jpg Aledo ISD School Board Place 7 candidates

    Early voting for the May 10 general election begins April 28. Following is information gathered from the candidates for the Place 7 Aledo ISD trustee race, Hoyt Harris, James Riley Morrison and Debra Rogers.

    April 23, 2014 3 Photos

  • D_Davis photo.jpg Aledo ISD School Board Place 6 candidates

    Early voting for the May 10 general election begins April 28. Following is information gathered from the candidates for the Place 6 Aledo ISD trustee race, incumbent David Davis and challenger Farida Goderya.

    April 23, 2014 2 Photos

  • Anita Callaway.jpg Callaway gets A+

    Anita Callaway, an English teacher at Daniel Ninth Grade Center, was named “Teacher of the Year” during the 2014 Marva Collins Teaching Excellence Awards ceremony held April 15 in the Aledo High School auditorium.

    April 23, 2014 2 Photos

  • Man dies in Farmer Road crash

    A 60-year-old Parker County man was killed around 9:30 a.m. April 15 in a one-vehicle crash in the 2100 block of FM Road 3325, also known as Farmer Road.

    April 23, 2014

  • Fire victims' fund established

    Two streets down and hours after many members of the East Parker County community gathered April 5 to present a new home built with donations to the Hancock family, another family in the West Oak subdivision lost their home to a fire and is now in need of support from the community.

    April 23, 2014

  • Delay adds $56,000 to Aledo Trail project

    The long delay in the Aledo Trail downtown couplet, now due to finish in summer instead of spring, will add about $56,000 to the cost of the project, Parker County commissioners learned last week, when they approved a change order upping the contract to around $3.3 million.

    April 23, 2014

  • Parker County Sheriff's Report March 31-April 11

    April 11
    Theft of property

    A deputy was dispatched to 8600 Interstate 20 East, Aledo, in reference to a theft investigation. The 57-year-old male complainant said an unknown suspect stole $1,000 of copper wire from the Sprint tower on the site. A case was made for the theft of property: aluminum, bronze, copper and brass.

    April 23, 2014

  • East Parker County Calendar of Events

    April 24
    Bearcats ‘N Boots Gala: dinner, auction and entertainment

    • 6:30 p.m. at Cendera Center, 3600 Benbrook Highway, Fort Worth.
    • Catered by The Wild Mushroom; entertainment by Four Day Weekend.
    • Tickets cost $100.
    • Benefitting the Aledo ISD Education Foundation
    • Title sponsor Buford-Thompson Company.  
    • For more information, go to aledoef.org.

    April 23, 2014

  • EXTENSION NEWS: Take a mind vacation

    For many of us, every day has some sort of stress associated with it. Whether it is something at home or at work, it seems like there are a million things stressing us out and making us feel overwhelmed.

    April 20, 2014

Must Read
Top News
House Ads
AP Video