The White Settlement ISD Board of Trustees adopted a $67,891,831 budget for the 2018-19 school year during the Aug. 21 regular meeting. And for the first time since 2009, WSISD was able to lower the 2018 property tax rate.
"The board and administration are very proud that White Settlement ISD was able to lower this year’s tax rate and still address the needs of our students, our staff, and the taxpayers of this community," said Board President Randy Armstrong.
The rate will be $1.04 per $100 valuation for maintenance and operations and $.48/$100 valuation for debt service. Together, the proposed tax rate is $1.52. The debt service proposed tax rate is $.02 less than prior years.
“White Settlement ISD could have taken action to adopt the tax rate at the current $1.54 level but instead chose to lower the rate," Armstrong said. “Our board and administration believe it’s very important that we give back to our taxpapers by lowering the tax rate while we can.”
If taxable values remain the same or increase over the next three years, the tax rate will continue at the reduced rate of $.48. If taxable values decrease, the tax rate may be increased to $.50 to cover bond debt payment requirements.
The $67,891,831 budget includes the district’s General Fund, Child Nutrition Fund and the Debt Service Fund.
The budget includes a 2 percent average raise for all employees. Teachers will receive an extra $700 plus their step raise. All other staff will receive a 2 percent of the mid-point on their pay scale raise. Over the last three years, staff salaries have increased an average of 8.25 percent.
Additionally, the budget includes an increase in the amount the district contributes to employee health insurance premiums. The increase will be an extra $20 per month or $240 per year per employee.