By Alton Porter
The Kennard Independent School District (KISD) Board of Trustees adopted a $3.2 million budget for fiscal year 2017-2018 and set the district's 2017 tax rate at $1.04 for each $100 of assessed property valuation to help support the budget at a special board meeting Thursday, Aug. 31.
The balanced budget projects $3,269,052 in revenue and requests the same amount in expenditures.
Offering the motion to approve the budget was Trustee Tod English, and seconding it was Trustee Crest Adair. Joining them in voting to pass the motion were Board President Rebecca Parker and Trustee Brijesh Patel. Board Vice President Josh Bobbitt, Board Secretary Ronnie Gladden and Trustee Tony Currie were absent.
The trustees agreed not to increase the tax rate, which has been $1.04 per $100 of assessed property valuation the last 10 years or so.
According to KISD Superintendent Malinda Lindsey, the entire rate is for maintenance and operations. The district does not have an interest and sinking tax rate, as it does not have any bond indebtedness.
English made the motion to adopt the rate, Adair seconded the motion, and Parker and Patel joined them in unanimously passing it.
In another action, the four trustees present at the meeting unanimously voted to pass a motion made by English – seconded by Adair – approving the district's certified tax roll for 2017 as presented to them.
In yet another action, the trustees unanimously passed an English motion – seconded by Adair – to grant discounts to district taxpayers who pay their tax bills early.
Those who pay in October will receive a three percent discount, while those who pay in November will be granted a two percent mark off and those who pay in December will be granted a one percent reduction in their taxes.