PROPOSED BUDGET AND TAX RATE 2021-2022 | Legal notices

PUBLIC MEETING NOTICE TO DISCUSS THE BUDGET AND PROPOSED IMPT RATE The BRYAN ISD will hold a public meeting at 6:00 PM on August 16, 2021 at BISD Administration Bldg., 801 S. Ennis St., Bryan, TX 77803. The purpose of the purpose of this meeting is to discuss the budget of the school district which will determine the tax rate that will be adopted. Public participation in the discussion is invited. The tax rate that is ultimately adopted at that meeting or at a separate meeting at a later date cannot exceed the proposed rate set out below, unless the district issues a revised notice containing the same information. and comparisons set out below and hold another public meeting to discuss the revised opinion. Maintenance tax $ 0.951800 / $ 100 (proposed rate for maintenance and operation) School debt service tax approved by local voters $ 0.275000 / $ 100 (proposed rate to pay bonded debt ) Comparison of the proposed budget with last year’s budget The applicable percentage increase or decrease (or difference) in the amount budgeted in the previous fiscal year and the budgeted amount for the fiscal year beginning in the current tax year is shown for each of the following categories of expenditure. Maintenance and operation -1.44% decrease Debt service 4.24% increase Total expenditure -0.66% decrease Total estimated value and total taxable value (as calculated according to section 26.04, Tax Code) Value total estimate * of the new property ** $ 230,390,892 $ 274,527,819 Total assessed value *** of all properties $ 9,774,528,155 10,019 $ 230,320 Total assessed value *** of the new property ** 217 $ 357,969 $ 251,188,508 * The estimated value is the amount indicated on the valuation roll and defined by section 1.04 (8), Tax Code. ** “New property” is defined by article 26.012 (17), Tax Code. *** The “assessed value” is defined by section 1.04 (10), Tax Code. Bond loan Total amount of outstanding and unpaid bond loan * $ 292,270,000 * Principal unpaid. Comparison of proposed rates with last year’s rates Interest sinking fund for maintenance and operation * Total local rate for last year: $ 0.952,500 $ 0.280,000 * $ 1.232,500 Local income per student State income per student Last year’s rate $ 7,566 $ 3,727 Debt service Maintenance and operations $ 1.03419; Interest and Sinking Fund $ 0.297260 * Total $ 1.33145; Local income per student $ 7,789; Government revenue per student $ 3,574 Maintenance and operation of proposed rate $ 0.951,800; Interest and Sinking Fund $ 0.275000 * Total $ 1.226800; Local income per student $ 7,781; State Income Per Student $ 3,635 * Sinking and Sinking Fund tax revenues are used to pay debts related to construction, equipment, or both. The bonds, and the tax rate required to pay those bonds, have been approved by the voters of this district. Comparison of the proposed levy with last year’s levy on the average residence last year Average market value of residences $ 216,295 $ 224,810 Average assessed value of residences $ 187,844 $ 198,627 Last year’s rate compared at the proposed rate per value of $ 100) in taxes $ 121.58 Under State law, the dollar amount of school taxes imposed on the homestead of residence of a person 65 years of age or over or surviving spouse of such a person, if the surviving spouse was 55 years of age or over when the person died, cannot be increased beyond the amount paid in the first year after the person turns 65, regardless of rate changes d taxation or property value. Voter Approval Rate Notice: The highest tax rate the district can adopt before requiring voter approval in an election is $ 1.246084. This election will take place automatically if the district passes a rate higher than the voter approval rate of $ 1.246084. Fund Balances The following estimated balances will remain at the end of the current fiscal year and will not be encumbered with a corresponding debt obligation, less funds deemed necessary for the operation of the district prior to receipt of the first payment of assistance from State. Maintenance and operating fund balance (s) $ 28,420,000 Sinking and sinking fund balance (s) $ 4,784,000 8-6-21