LISD School Board Balances Budget Despite Budget Cuts - KCBD NewsChannel 11 Lubbock

8/14/03

LISD School Board Balances Budget Despite Budget Cuts

Despite a $10 billion state deficit and higher education costs, Lubbock Independent School district manages to stay on track financially.

The budget is balanced without cutting any services, pay or raising the tax rate. L.I.S.D. will receive $1.3 million less this year than last year in state funding. So, with less state funding, how was the school able to balance the budget?

"Essentially, the local tax payers. As property values go up, we maintained our tax rate. The local tax payers will be contributing more to public education as the state contributes less," said Art Martin, with the L.I.S.D's Finance Department.

For the next school year, Martin says the district will rake in around $92 million from property taxes as the tax rate remains at $1.60 per $100 valuation. The school board is expected to approve the budget next week.

  • Local News on KCBD.comNewsMore>>

  • To many Americans, Memorial Day has lost its meaning

    To many Americans, Memorial Day has lost its meaning

    Monday, May 29 2017 11:00 AM EDT2017-05-29 15:00:10 GMT
    Monday, May 29 2017 11:00 AM EDT2017-05-29 15:00:10 GMT

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

  • Kelly defends plan for Russia back channel as a 'good thing'

    Kelly defends plan for Russia back channel as a 'good thing'

    Monday, May 29 2017 10:58 AM EDT2017-05-29 14:58:32 GMT
    Monday, May 29 2017 10:58 AM EDT2017-05-29 14:58:32 GMT

    Homeland Security secretary defends an alleged effort by top White House adviser Jared Kushner to create back-channel communications.

    Homeland Security secretary defends an alleged effort by top White House adviser Jared Kushner to create back-channel communications.

  • Trump lashes out at leaks, considers staff upheaval

    Trump lashes out at leaks, considers staff upheaval

    Monday, May 29 2017 10:49 AM EDT2017-05-29 14:49:56 GMT
    Monday, May 29 2017 10:49 AM EDT2017-05-29 14:49:56 GMT

    Frustrated with what he views as his team's inability to push back against the drumbeat of new revelations, Trump is seeking expanded teams of lawyers and experienced public relations hands.

    Frustrated with what he views as his team's inability to push back against the drumbeat of new revelations, Trump is seeking expanded teams of lawyers and experienced public relations hands.

Powered by Frankly