MCISD passes 19-20 budget

Posted 8/27/19

The Madisonville Consolidated Independent School District (MCISD) held a special board meeting on Monday in order to adopt the budget and tax rates for the 2019-20 school year.

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MCISD passes 19-20 budget

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The Madisonville Consolidated Independent School District (MCISD) held a special board meeting on Monday in order to adopt the budget and tax rates for the 2019-20 school year.

The total tax rate for the district currently sits at $1.1787 with $1.0684 for the Maintenance and Operations side and $0.1103 for debt services. This is over a four cent reduction from last year’s total, or a 3.1 percent decrease.

“The reason we were able to do this is because House Bill 3 put new funding from the state into the public school districts,” said MCISD Superintendent Keith Smith during Monday’s meeting. “That has allowed us to reduce our tax rate and service all of our debt as well as have a balanced budget. We were also able to give an eight percent raise to our staff.”

House Bill 3 was passed by the 86th Texas Legislature earlier this year and provides more money for the state’s classrooms, increases teacher compensation, reduces recapture and cuts local property taxes for taxpayers.

MCISD is consistently on the lower end of the tax rate spectrum in the state of Texas.

While the board passed a handful of budget amendments to appropriately place funds, they will have a balanced budget for 2019-20, opposed to last year’s deficit budget.

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