Sivells Bend ISD Sets Tax Rate for 2016-2017
The Sivells Bend ISD Trustees met in a Special Session on Thursday, August 25th to consider the tax rate and to adopt the budget for the 2016-2017 school year. The budget adopted for General Operations and Food Service is a deficit budget.
We have projected revenue of $1,306,709 and expenditures of $1,299,917 for the general operating fund using $6,293 from fund balance and projected revenue for food service of $52,921 with expenditures of $52,921. This is based on 99% collection rate.
This is a deficit budget of approximately $6,293 with a remaining fund balance of approximately $300,000
By adopting this budget, the district raised the tax rate to $1.04, up from last year’s $1.02.