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Texarkana News
TISD reduces tax rate a bit; Juneteenth now paid day off
The Texarkana Independent School District board of trustees approved the 2021-2022 budget and proposed tax rate in a regular meeting Tuesday morning.
by Andrew Bell
Jun. 29 2021 @ 8:54pm
The Texarkana Independent School District board of trustees approved the 2021-2022 budget and proposed tax rate in a regular meeting Tuesday morning.
The Budget presented by Chief Financial Officer Anita Clay showed a General and Debt Service Fund revenue of $77.7 million, with projected expenses of $78 million and a fund balance deficit of $329,658.
TISD s tax rate for the 2021-22 fiscal year, which will be adopted at the August board meeting, was reduced for the third year in a row. It is anticipated that the current tax rate will be reduced from $1.3097 to $1.3067 as per a provision that compresses the state rate by 0.3%.