MFISD budget

By Lew K. Cohn

Managing Editor
The Highlander

Marble Falls Independent School District trustees approved a $41.8 million balanced general fund budget for fiscal year 2017-18 during their regular board meeting Monday night after holding a public hearing.

The new budget includes a three percent payroll increase for all staff with additional market adjustments plus an additional $25 per month in health insurance premium benefit for all employees.

The budget assumes a total tax rate of $1.2786, which includes $1.0533 per $100 valuation for maintenance and operations and 22.53 cents for interest and sinking.

By Lew K. Cohn

Managing Editor

The Highlander

Depending on the value of their property, Marble Falls Independent School District taxpayers may see their individual taxes increase for the 2016-2017 school year, but they will be paying the same tax rate they have for the past several years.

MFISD trustees voted 5-0 on Monday, Aug. 29, to set a maintenance and operations tax rate of $1.0533 per $100 valuation and an interest and sinking tax rate of 22.67 cents per $100 valuation for a total tax rate of $1.28. It is the fifth year in a row the district has set its tax rate at $1.28 per $100 valuation.

School board members also approved an additional $1,123,595 in revenue and expenditures for the fiscal 2017 budget after learning that property values for the district had come in higher than expected.

By Lew K. Cohn, Managing Editor

The Highlander

Marble Falls Independent School District (MFISD) trustees have approved a balanced budget of more than $39.5 million for the 2016-17 fiscal year which will include salary increases for all district employees as well as allow the district to hire additional pre-K and secondary teachers to accommodate district population growth.

The board voted to approve the proposed $39,521,100 budget, after holding a public hearing at the regular meeting June 20. The new budget represents a five percent increase above the $37,893,138 budget for the 2015-16 fiscal year, said District Finance Director Lisa LeMon.