Weatherford Democrat

Aledo ExtrA

August 12, 2013

Aledo ISD considers tax hike


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
  • Developer withdraws site plan

    ANNETTA —A controversial 34-home subdivision proposed for a 41-acre tract on Duncan Road will not go forward as planned, according to action taken by both the proposed developer and the Annetta Town Council after a public hearing Thursday night.

    July 22, 2014

  • Aledo City Council to meet July 24

    The Aledo City Council will meet at 7 p.m. Thursday, July 24, in the Aledo Community Center, 104 Robinson Court, Aledo.

    July 22, 2014

  • oak leaf ladder shot.jpg Fires damage business, home

    Two separate fires around 2 p.m. July 15 damaged a Willow Park business and destroyed the home of a Weatherford family.

    July 22, 2014 1 Photo

  • Letter to the Editor

    Dear Editor,
     Thursday night, July 17, I was present for a surprisingly interesting experience when State Representative candidate Matthew Britt addressed a small group of supporters, followed by a question and answer session.

    July 22, 2014

  • ESD 1, Annetta South close on fire station site

    Parker County Emergency Services District No. 1 and Annetta South officials said Tuesday that the ESD is homing in on a site for a new fire station to serve residents in the Annettas and surrounding areas. Annetta South is expected to consider a zoning change to accommodate a new station next month.

    July 22, 2014

  • Registration has begun for Aledo ISD

    Aledo ISD enrollment for the 2014-15 school year began yesterday, July 21, and students new to the district need to register before school begins, Monday, Aug. 25.

    July 22, 2014

  • County scrambling to fill elections post

    Former Parker County Assistant Elections Administrator Laura Watkins, who sought, but was not appointed to the post of Parker County Elections Administrator after Robert Parten retired, last week began work as assistant elections administrator for Palo Pinto County, Palo Pinto County Elections Administrator Judith Evans has confirmed.

    July 22, 2014

  • Willow Park tackles 11-street project

    The Willow Park City Council last week picked a list of 11 streets they’d like repaired as part of the city’s next road repair project, a significant portion of the 17-road, $850,000 list of needed repairs.

    July 22, 2014

  • Teens arrested for throwing rocks on interstate

    Two 14-year-old boys are facing charges after reportedly throwing rocks at passing vehicles on Interstate 20 Tuesday afternoon, damaging trucks and injuring a woman.

    July 21, 2014

  • Parker County Calendar of Events

    July 25
    Painting with a Twist/Painting with a Purpose

    • ​Looking for a fun night out? The Parker Paws Painting with a Purpose fundraiser will be held from 7-9 p.m.

    July 21, 2014

Must Read
House Ads
Top News
AP Video
Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Clinton: "AIDS-Free Generation Within Our Reach" Ex-NYC Mayor: US Should Allow Flights to Israel Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City