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.
