Budget and Tax Rate Approved

by Coy Holcombe.  

Last night, in a called meeting, the EISD Board of Trustees adopted a budget and a tax rate for the 09-10 school year. Overall, the 09–10 budget represents a slight decrease from last year’s budget. The tax rate for 09-10 did not change from 08-09. The tax rate will be $1.04 for M & O and $0.218 for I & S. The M & O (maintenance and operations) portion of the tax rate is used to pay for the everyday operation of the district. The I & S (interest and sinking) portion of the tax rate is used to pay for the voter approved bonds issued by the district for construction projects.

A complete summary of the budget will be posted to our homepage. While EISD has been posting budget summaries and charts to their website for several years, the state, in this past legislative session, now requires all districts to post budget information on their website. I will be getting this information to our webmaster, Michelle Cavazos, and it should be posted by this afternoon.

Our varsity volleyball team continues play in a tournament at Tyler today. Also, our varsity football team travels to Tyler All Saints on Saturday to compete against Grace Community.

I want to thank all staff members, parents/guardians, and the students for a great first week. I hope everyone has a great weekend.

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