Public is invited to attend
Mauricio Julian Cuellar Jr., Alice Echo-News Journal
Ben Bolt-Palito Blanco Board of Trustees will hold a public hearing to discuss the budget and proposed tax rate for the 2007-2008 school year Monday at 7 p.m.
Every taxpayer is invited to participate in the hearing.
The proposed tax rate for 2007-2008 is $1.183872 per every $100 of property valuation.
Last year's tax rate was $1.37717.
Because of an increase in property values between last year and this year, the actual rate is lower for 2007-2008, but will bring in more funds for the district because of the increase in values.
The proposed rate for maintenance and operation is $1.04.
The proposed rate for the interest & sinking fund, which goes towards paying the district's indebtedness, is $0.143872.
Following the public hearing the board will consider and approve the school year budget followed by a possible adoption of the 2007-2008 tax rate.