Lubbock ISD Approves Budget for 2008-2009 School Year - KCBD NewsChannel 11 Lubbock

8/14/08

Lubbock ISD Approves Budget for 2008-2009 School Year

At the Lubbock ISD Board of Trustees meeting Thursday, members approved a $182.7 million budget for 2008-09 and adopted a tax rate that stays at the same rate as last year.

The general fund tax rate will be $1.04 per $100 of property valuation and the debt service rate will be 19.5 cents per $100 valuation. The combined rate is $1.235. With budget reductions, and the infusion of reserve funds, trustees were able to balance the budget and provide a three percent cost of living adjustment for employees.

Unlike other taxing entities, school districts do not gain any additional revenue from the increase in property appraisals. As rising property values generate more local tax revenue, the state takes away state funding, dollar for dollar.

Superintendent Wayne Havens said, "This is the tightest budget year in which I have been involved. We will provide classrooms with what they need for student success, but we will also be justifying every expense against our goals for student success."

 

KcbdToGo.com For Your Cell Phone
Get the latest news, weather, sports and more on your mobile phone or PDA with KCBDToGo.com.

  • Local News on KCBD.comNewsMore>>

  • 23 million more uninsured with GOP health bill, analysts say

    23 million more uninsured with GOP health bill, analysts say

    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:39 GMT
    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:39 GMT

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

    The Congressional Budget Office planned to release its estimate Wednesday of what impact the GOP's House-passed health care overhaul would have on coverage and premiums.

  • Foreign meetings omitted from Sessions' security clearance

    Foreign meetings omitted from Sessions' security clearance

    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:25 GMT
    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:25 GMT
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities...
    The ranking Democrat on the House intelligence committee says the panel will be issuing subpoenas to get former National Security Adviser Michael Flynn to cooperate with its investigation into Russian activities during the 2016 election.
  • Setting aside past rude talk, Trump and pope focus on peace

    Setting aside past rude talk, Trump and pope focus on peace

    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:05 GMT
    Thursday, May 25 2017 1:07 AM EDT2017-05-25 05:07:05 GMT

    The meeting could provide powerful imagery to Catholic voters back in the United States as well as the possibility for conflict between a president and a pope who have not often seen eye-to-eye.

    The meeting could provide powerful imagery to Catholic voters back in the United States as well as the possibility for conflict between a president and a pope who have not often seen eye-to-eye.

Powered by Frankly