Quitman ISD school board proposing lower tax rate
editor@wood.cm
The Quitman ISD school board met Monday night to set a proposed tax rate for the upcoming year and set a date for a public meeting Aug. 17 at 6 p.m. at the new administration building at 600 N. …
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Quitman ISD school board proposing lower tax rate
The Quitman ISD school board met Monday night to set a proposed tax rate for the upcoming year and set a date for a public meeting Aug. 17 at 6 p.m. at the new administration building at 600 N. Winnsboro St.
The proposed tax rate was set at a total of $1.2339 with $1.0517 for maintenance and operations and $.1822 for interest and sinking funds. This is down from last year’s rate of $1.294.
Director of Finance Cayla Mars is confident in the figures. “Based on a three-year history of collections our I&S proposed rate of .1822 per $100 valuation allows the taxpayers of Quitman ISD a reduction of .0434 per $100 valuation,” she said. “I am confident that the collections from this rate will make our bond payments for the 2020-2021 school year, and that in the event of unforeseeable delinquencies will be covered by the integrity of our financial status and current fund balance.”
Superintendent Rhonda Turner pointed out the strong collection rate in the past.
”We were able to lower our I&S rate this year by about four cents. This is a result of looking at our three-year history and determining that our collections were strong. If you add in the additional monies we gained from the collection of delinquent taxes it was obvious that the rate could be lowered for now,” Turner explained.