AP NEWS

No Property Tax Increase In Dallas School Budget Proposal

May 8, 2019

The Dallas School Board has proposed a $39.9 million budget with no increase in the property tax rate for the next school year. Debt refinancing with savings and an increase in property tax collection are reasons the district can avoid a tax increase, business manager Grant Palfey said. The board is required to approve a final budget by June 30. Last year, the board approved a $38.6 million budget with a 1.5 percent increase in the property tax rate, which increased the tax rate to 13.6338 mills. A mill is $1 on every $1,000 in property assessment. More than 40 percent of the proposed budget — $16.2 million — would fund salaries. More than 25 percent — $10.2 million — would fund benefits, and nearly 11 percent — almost $4.4 million — would pay debt. — MICHAEL P. BUFFER