Trustees approved the budget at their regular monthly meeting Tuesday, Aug. 20.
Broken down, the budget includes $26.4 million in its general fund, $2 million in food service and $2.6 million in debt service.
At the same session, trustees adopted a total tax rate of $1.25423 per $100 property valuation, down from last year’s rate of $1.27.
For an owner of a $100,000 home, the annual taxes would be $1,254.23. For a $50,000 home, the taxes would amount to $627.12.
BISD Superintendent Dr. Sue Thomas was quick to point out to those in the audience that while the district had lowered its tax rate, property valuations might have gone up so that a taxpayer might end up paying more taxes next year, even with the lower tax rate.
“If a person’s home appraisal did not go up, then he will end up paying about the same,” she says, noting that the district has lowered its tax rate every year since she became superintendent.
“Every chance we get, we try to save the taxpayer money,” she says.