The Friendswood Independent School District Board of Trustees on Monday voted unanimously to adopt the 2011 Tax Rate of $1.367 per $100 valuation.
A total of $1.04 per $100 valuation of the tax rate will be designated for maintenance and operation costs of the district. The remaining $0.327 will be used for payments on the district’s bonded indebtedness.
The rate reflects no change from the 2010 rate, and is lower than the amount needed to maintain service levels at the 2010 level. However, due to increases in the average value of properties within the district, the average tax bill for residents will increase by $28.86, on a home valued at $243,387.
A tax rate of $1.479 per $100 would be required to continue services at the same level. The district’s local tax share equals $5,005 per student for 2011. State revenues per student are expected to total $2,189, a decrease of $525 per student compared to 2010.
The school board voted 4-0-1, with Ralph Hobratschk abstaining, to adopt the 2011-2012 Budget.
The budget includes total projected revenues of $36,446,590 for the General Fund, with expenditures of $37,463,920, leaving the district to draw $1,017,330 from other sources. The district will pay a total of $7,850,260 on its debts from past bond issues, and $2,350,918 for food service costs.
The school board voted unanimously to approve the second reading of changes to the district’s policies to allow advertising on the district web site, stadium, and various other places.
“By allowing advertising, the District does not intend to open a forum for indiscriminate use or expressive activity by the general public, but instead to create a limited opportunity for true commercial advertisement by community entities, as well as an opportunity to raise funds for use by the district,” states the policy. “By accepting any advertisement, the District does not intend to, and specifically disavows intent to endorse the entity submitting the advertisement, the entity’s products, or any viewpoints associated with that entity.”
The school board voted unanimously to commit fund balances for funding shortfalls and catastrophic deductible coverage.
The district is committing $1.2 million for future funding shortfalls and $1.5 million for disaster recovery costs.
All other items were approved by unanimous vote. Trustees Rebecca Hillenburg and Robert McCabe were absent. Agenda