Weatherford Democrat

Aledo ExtrA

August 26, 2013

Letter from Aledo ISD Superintendent Dr. Derek Citty

Editor’s note: Adoption of the Aledo ISD FY 2013-14 budget is scheduled for Monday, Aug. 26, but trustees plan to adopt the tax rate separately in September. A 13-cent rate increase is proposed, but trustees are also considering phasing the increase in over more than one year.

Dear community members:

An important part of your school district’s work during this time of year is the adoption of the budget for the 2013-14 fiscal year. The following provides a historical perspective on this issue as your board of trustees work toward setting the tax rate to support the District’s budget.

The tax rate of public school districts in Texas is divided between a Maintenance and Operations (M&O) component and an Interest and Sinking (I&S) component. The M&O component may only be used to pay for classroom materials, salaries for teachers and other employees, fuel for buses, utilities and other day-to-day items used by the District. The I&S component may only be used to pay for the bond issues (debt) taxpayers have approved in prior years for the facilities we have in the district.

In August of 2010, the taxpayers of the district approved a tax ratification election (TRE) by a margin of 88 percent to 12 percent. The passage of this TRE resulted in a tax rate swap that did not change the district’s total tax rate. In other words, the total tax rate of the district was $1.4252 before and after the TRE.

Passage of the TRE allowed the district to increase the M&O component of the tax rate by 13 cents and decrease the I&S component by the same 13 cents. Therefore, the M&O component increased from $1.04 to $1.17 and the I&S component decreased from 38.52 cents to 25.52 cents.

Most importantly, this change to the M&O component was very beneficial for the district as it has allowed the district to avoid significant budget cuts. In today’s environment of less state funding, this change will continue to be very important to the district.

Since the passage of the TRE in August of 2010, the district has safely utilized various temporary measures to avoid increasing the I&S component back to the rate at the time of the TRE while successfully paying our annual debt obligations.  

For the district to maintain the flexibility to address the uncertainties facing Texas school districts, the time has come for the district to consider increasing the I&S component to the tax rate needed to pay for our annual debt commitments.

The options under consideration by your board of trustees are the following: increase the I&S component by approximately 13 cents in one year, or phase in this increase over two years by drawing down district reserves.

If the I&S component were to be increased 13 cents in one year, property taxes on the average residence in Aledo ISD of $250,000 would increase $27.08 per month, or 89 cents per day.  

Sincerely,

Derek Citty, Ed. D.

AISD Superintendent

1
Text Only
Aledo ExtrA
  • Richard Adams Sr. Firefighter arrested on child sex assault charges

    A volunteer Hudson Oaks firefighter is in the Parker County Jail on charges he repeatedly sexually assaulted two young relatives over a several year period. 

    Richard Frederick Adams Sr., 62, arrested Monday, faces two charges of continuous sexual abuse of a child under 14, a first-degree felony.

    July 23, 2014 1 Photo

  • 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

Must Read
House Ads
Top News
AP Video
Six Indicted in StubHub Hacking Scheme Former NTSB Official: FAA Ban 'prudent' EPA Gets Hip With Kardashian Tweet Bodies of MH17 Victims Arrive in the Netherlands Biden Decries Voting Restrictions in NAACP Talk Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast Trump: DC Hotel Will Be Among World's Best Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: Fight Breaks Out in Ukraine Parliament Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel