The Friendswood Independent School District Board of Trustees on Monday voted unanimously to adopt a tax rate of $1.367 per $100 valuation for fiscal year 2009.
The rate is the same as adopted for the 2008 fiscal year. The district's maintenance and operations rate will be $1.04, while its interest and sinking tax rate will be $0.327 per $100 valuation. The district is projecting an increase of 3.28 percent for maintenance and operations for its 2009-2010 budget. Bond payments, which are paid through the interest and sinking fund, will decrease by 14.64 percent this year. Total expenditures for the year are budgeted to decrease by 0.24 percent.
The school board voted unanimously to adopt the Fiscal Year 2009-2010 Budget. The budget projects total revenues of $34.477 million for the general fund, as well as $7.963 million to be spent on payments of the district's debt, and $2.142 million budgeted in revenues for food service.
The school board voted unanimously to approve its final amended budget amount for the 2008-2009 budget year. The final amount was approved at $39.762 million.
All other items were approved by unanimous vote. All members were present. Agenda