Brock ISD board of trustees adopted a lowered tax rate by about 12 cents during the meeting on Monday evening at the Brock Elementary cafeteria.
The total adopted tax rate is $1.4983 per $100 valuation, Communications Director Natalie Parish said. The maintenance and operations rate is $1.0683, which is about 10 cents less than the previous rate, and the interest and sinking rate is 43 cents, a 2 cent decrease.
The decrease in the I&S rate has never been done by Brock ISD before, Board President Martin Ivey said.
“Approximately six years ago, the school district asked the community to pass a tax rollback to help pay down the debt and prepare for future growth,” Ivey said. “Due to the hard work by the school board, former Superintendent Scott Drillette and current Superintendent Dr. Cade Smith and Chief Financial Officer Mike McSwain, we have reached and maintain a strong financial status and are able to decrease the debt portion of the tax rate by 2 cents. It is unusual for a school district to lower the tax rate on the I&S side and our board is proud to be able to do this for the first time in Brock ISD history.”
No one spoke during the tax rate public hearing during the meeting, Parish said.
The board adopted a $15.6 million balanced budget in June.
Trustees also approved a resolution to lease voting equipment from the Parker County Elections Office for the upcoming bond election as the elections office is purchasing new equipment.
BISD school board usually meets at 6 p.m. every second Monday of the month.