CCISD board meets to discuss proposed budget and tax rate

Cove Leader-Press
A special meeting was held by the CCISD Board of Trustees this past Friday. The items for discussion were the district’s proposed 2016-2017 budget and tax rate.
The board of trustees approved a program review to be conducted by Stetson and Associates to help in making sure CCISD is following proper guidelines when carrying out instructional programs.
Executive Director of Business Services Glenn Graham went through the proposed budget and tax rate for the upcoming academic year 2016-2017 with a PowerPoint presentation, giving summary of revenues and expenditures.
The current property tax collections projected are $13.5 million which is based on a taxable value of $1.3 billion. Revenue collections from the state of Texas will be at $41 million, a figure based on this year’s student enrollment numbers, which is an increase from last year. The teacher retirement system will have $2.9 million, Impact Aid will be $11.2 million, and the federal revenue with JROTC is $70,000. The total estimated revenues are $70.8 million.
CCISD Superintendent Joe Burns told the trustees that they may get asked from time to time how much local taxpayers contribute to CCISD, and he told them about 20 percent of the budget comes from local taxpayers.
Expenditure estimates for salaries and benefits are about $52.5 million and teacher retirement at $2.9 million. Campus and department requests come to $11.6 million and capital outlay right at $3.8 million. On the whole, payroll represents 49.15 percent of the budget, to include a 3 percent raise for all CCISD employees.
The district’s proposed tax rate for the 2016-2017 school year is $1.40000 per $100 valuation for maintenance and operations and $0.180000 per $100 for interest and fund, or debt service.
The combined proposed tax rate for maintenance and operations, as well as the interest and shrinking fund, is $1.22 per $100.
The average market value of residences for this year is $110,756, compared to last year which was $107,965, a difference of $2,791. The average taxable value of residences for this year is $82,569, compared with last year’s $85,260, a difference of $2,691.
Last year’s rate was $1.217000, compared with this year’s is $1.220000. Taxes due on average residence last year were $1,004.86, compared to $1,040.17 projected to be collected this year, based on the proposed new rate.
The Copperas Cove Independent School Board of Trustees will hold a public hearing on the proposed 2016-2017 budget and tax rate on Tuesday August 16, at 6 p.m. at the CCISD Administration building located at 703 W. Avenue D. Following the hearing, the trustees will convene for a special session to approve and adopt the proposed 2016-2017 budget and tax rates.


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