Trustees of the Bowie Independent School District will approve the budget and tax rate for the new fiscal year in a pair of called meetings early on Aug. 31.
The public hearing on the proposed budget and tax rate will start at 7 a.m. on Wednesday.
At the Aug. 15 meeting, the board was finalizing expenses projected at $19,944,044 with revenues estimated at $19,845,615.
The district is looking at a 2022 tax rate of $1.03460 per $100 in property value. This is .0893 cents below the 2021 rate of $1.1239.
That rate is broken down in .85460 cents for maintenance and operation and .18 cents for debt services.
BISD is projecting $10,143,022 in M&O taxes compared to $9,681,482 last year. Certified property values went up in 2022 by $152,719,627, which pushed the tax rate down.
When local values go up, state funding usually goes down. The district is projecting state revenue at $5,344,410 for 2022-23 compared to $5,418,385 last year.
The second meeting will be called at 7:15 a.m. This agenda includes approval of amendments to the 2021-22 budget, designation of committed fund balance for district needs; approval of the salary schedule for 2022-23, budget and 2022 tax rate.