KISD: Board Approves 2018-19 Budget
Keller ISD’s Board of Trustees approved the District’s budget for the 2018-19 fiscal year at a June 21 Special Meeting.
The approved budget of $292 million passed by a vote of 5-1. It projects a surplus of $479,074 should the proposition pass on September’s Tax Ratification Election (TRE).
The Board called for a TRE and approved a $0.01 decrease in Keller ISD’s overall tax rate at its June 11 Regular Meeting. That rate includes a $0.13 increase in the District’s maintenance and operations tax rate and a $0.14 decrease in the District’s interest and sinking rate, a move that is projected to bring in an additional $19 million in annual net revenue. For the $0.13 M&O rate increase to remain effective, however, it must be approved by voters through the TRE.
Visit KellerISD.net/SwapDrop to learn more about this proposal Keller ISD is calling its Tax Rate Swap & Drop plan. Election Day for the TRE will be September 8, with Early Voting set for August 22-September 4.
The budget approved on June 21 includes one-time funding for facility upgrades for athletics, fine arts, and safety and security, as well as a four-percent salary increase for Keller ISD employees, all of which is contingent on the passage of the TRE.