NEWS
Bowie ISD may adopt a deficit budget
By BARBARA GREEN
Bowie School Trustees don’t like it, but it appears they may adopt a deficit budget for the 2015-16 school year.
The board heard the dire budget news in a workshop during Monday night’s regular board meeting.
Chief Financial Officer Jonathan Pastusek said state revenue will drop by almost $2 million due to the change in property values in 2015, and despite reducing budget requests by more than $1 million the budget will “be upside down.”
As the workshop began, Superintendent Steven Monkres reiterated they all knew the energy production wave that drove property values during the past five to six years would come to an end. He said that day is here, but the district has been preparing by setting funds aside each year.
Pastusek proposed a budget of $13,974,406, which is less than the $14,462,746 amended for 2014-15. That is a 4.56 percent, or $668,340 reduction in the budget.
Under revenues, the CFO said overall revenues dropped about 10 percent.
Read the full news story in the mid-week News.
On Friday city officials reported the intersection at Rock and Pillar was closed due to a sinkhole in the street. This area has been experiencing major drainage problems for many years damaging culverts and the street asphalt and concrete, with a portion of the street collapsing earlier in the spring. Drivers should avoid this area.
The Nocona City Council approved a trio of Nocona Economic Development Corporation requests and considered infrastructure work questioned by a city council.
Councilors met on June 10. Two of the NEDC requests had already been presented with the timeclock for comment started. With that time limit over, the requests were finalized.
The Type A and B Boards will spend $19,225 at the Indian Oaks Golf Club for equipment, aerifying and top dressing the greens and batteries for rental carts. It also will expend $20,000 to the Nocona Chisholm Trail Rodeo Arena Committee to build new concrete bleachers, railings, fence and platform.
The third NEDC request is a new one related to a Type B board loan of $200,000 to Amy and Chris Nunneley for a new apartment and office construction project.
Read the full story in the Thursday Bowie News.
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