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Sunday, 21st January 2018

in Lakeway TX

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LTISD Tax Rate stay same despite budget complications

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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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