MCISD passes 20-21 budget

Posted 9/1/20

The Madisonville Consolidated Independent School District (MCISD) held a special board meeting Monday in order to adopt the budget and tax rates for the 2020-21 school year.

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MCISD passes 20-21 budget

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The Madisonville Consolidated Independent School District (MCISD) held a special board meeting Monday in order to adopt the budget and tax rates for the 2020-21 school year.

The total tax rate for the district currently sits at $1.1787, the same as 2019-20, with $1.02390 slotted for the Maintenance and Operations side and $0.15480 for debt services.

The 19-20 total tax rate was the same, but a different amount was allotted for each side. The district will transfer funds from the Maintenance and Operations side to debt services, which will help them generate more funding.

MCISD Business Manager Scott Singletary orchestrated the budget presentation and provided the results of his survey outlining the tax rates of similar districts. MCISD is consistently on the lower end of the tax rate spectrum in the state of Texas.

Last year, House Bill 3 provided more money for the state’s classrooms, increased teacher compensation, reduced recapture and cut local property taxes. The bill was passed by the 86th Texas Legislature in 2019.

“Last year, we generated a lot of extra money with (House Bill 3),” said Singletary. “With the shutdown in March, expenditures went down pretty substantially, which saved us a lot of money.”

Superintendent Keith Smith stated the district expects budget cuts when the legislature meets again this year.

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