By LIBBY CLUETT | lcluett@mineralwellsindex.com
MILLSAP – Before adopting a proposed $8.5 million budget and tax rate of $1.665, Millsap ISD trustees heard Business Manager Lori Hobbs explain the goals of the budget.
Hobbs’ presentation was part of a public hearing during which no one else spoke.
That aside, Hobbs addressed the 2012-13 school year budget, which begins in September and is “built on anticipated needs … and is functional and flexible.”
In addition the said the needs will be adjusted as the year progresses.
The budget includes a $6.738 million maintenance and operations fund, $406,710 food service fund and $1.439 million debt service fund.
The $1.665 per $100 taxable property value tax rate remains what it has been for the past two years, since the November 2010 tax ratification election. This includes an M&O rate of $1.17 per $100 taxable value and a debt service rate of 49.5 cents.
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