The Granbury School Board proposes a tax increase slightly lower than projected.
The board publicized a 15-cent tax rate hike during the fall bond vote but is now considering a 13.5-cent rate hike. It would amount to $1.28 per $100 property valuation. School taxes would jump about $337 on a $250,000 house this fall.
“It’s a minor victory,” board President Mark Jackson said, “but every little bit helps.”
Jackson was also pleased the board can pass a balanced budget. Last year the board adopted about a $1 million deficit budget. The school was able to erase the deficit and add about $70,000 to the fund balance primarily because of a jump in student enrollment, Jackson said. The reason: more kids, more money from the state.
The school is also considering a normal pay step increase for teachers, averaging about 1 percent. All other personnel are expected to receive about a 2 percent pay increase.
Major expenditures include white fleet vehicle replacement, driver’s ed car, ag truck, compensation study and school resource officer and vehicle.
School trustee Barbara Herrington announced she has filed for re-election. Don Walton’s term also expires this fall.