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Sunday, 21st January 2018

in Lakeway TX

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LTISD Tax Rate stay same despite budget complications



LTISD has announced that the overall tax rate will not increase in 2017 despite ongoing budget challenges.



The plan also involves moving funds (2%) from its bond fund to operationsand represents about $2 million.


That will give the school district the capacity to borrow as much as another $224 million in bonds. The District's facilities audit this summer will determine the Bond amount that will go up for vote in November 2017


Also in play is a 1.5% salary increase with no benefits changes for staff to be voted on in June.



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