ECISD to decrease tax rate by a penny
The property tax rate will go down by a penny per $100 at East Central Independent School District following the unanimous adoption of a budget and its accompanying new rate Thursday night.
The district’s 2018-2019 budget calls for spending slightly less on instructional resources and slightly more on security and community services.
Chief financial officer Judy Burns described the tax rate decrease, to $1.325 per $100 of assessed value, as a “sign of good faith” made possible partly by a better interest rate on the district’s debt.
Burns said the tax rate is the second lowest among Bexar County school districts.
“I’m thinking 2018-19 is going to be a better year … that we’re going to have good collections, that we’re going to have good attendance and we’re going to generate the revenue that we said we would generate,” Burns said.
Total expenditures will be almost $126 million, including $84 million for general operations and $24 million for construction. The budget was tight due to state funding, but will still be enough for ECISD schools and departments to do their jobs, Burns said.
“It’s not taking anything away from them,” she said.
The budget calls for a decrease in expenditures on instructional resources of more than 12 percent, or $143,887 less than 2017-2018 expenditures. It increased outlays for security services by $112,630, a 10.8 percent change, and for community services by $23,875, a 51 percent change.
The trustees also passed the 2018-2019 employee salary schedule, which includes plans to give all non-administrative employees a $500 lump sum payment around the holidays.
Brian Contreras is a San Antonio Express-News staff writer. | email@example.com | Twitter: @_B_Contreras_