HALLSVILLE — Hallsville ISD trustees have approved a lower tax rate and surplus budget for the 2021-22 school year.
The spending plan that has a surplus of about $35,000 was adopted recently by the board. The budget also includes a 5% one-time incentive payment for all district employees.
Trustees also voted to increase the district’s contribution to the Teacher Retirement System monthly health insurance premiums by an additional $25. The board also increased that contributed this past year by about $50 per month.
The $137.5 million general fund budget, which includes revenue from the district’s brick and mortar schools as well as its Texas Virtual Academy at Hallsville, also includes the purchase of new turf at the high school practice field, which Hallsville ISD Chief Financial Officer Mary Brown said has outlived its 10-year lifespan.
Brown said the new budget also includes funding for preparation and move in at the district’s new West Elementary School campus, which is set for completion by next summer and will open to students for the 2022-23 school year.
The budget also includes money to replace metal awnings destroyed across the district by winter weather.
Trustees also adopted a decreased tax rate of $1.21 per $100 valuation.
That’s down from the 2020-21 rate of $1.25 per $100 valuation.
“The budget surplus is due to several factors, among those being increased property tax collections due to higher certified taxable values, as well as local oversight fee revenue from virtual campus operations, and a continued conservative budgeting approach to address and prepare for the needs and expenditures related to our employees and of the facilities of the district,” Brown said.