Prepared by David Stout, Bryson ISD Superintendent 2017-2018 Proposed Budget Prepared by David Stout, Bryson ISD Superintendent

District Funding State Aid Local Taxes Federal Funds

State Aid History “Target Revenue” system locked in funding at 2005-2006 levels. At same time, Legislature cut local property tax rates by 33% from cap of $1.50 to cap of $1.00 ($1.04) Loss of local property tax revenue from budget revenue has never been replaced in state aid since local property taxes were cut by 33%. Legislature cut additional state funding in 2011 and we are still not back to 2011 levels of funding ($131,653) for 16-17 and was ($140,732) for 15-16 Transportation allotment was last updated in 1984 Questions about state funding and $1.00 tax rate

Property Values M&O certified property values increased for Bryson ISD in 2017 by 2.3% I&S certified property values continued to decrease significantly due to the depreciation of the wind farm values.

Positive Factors Affecting Finances Compared to many rural districts, BISD has a diverse local property value based on mineral resources and wind energy. District enrollment is 252 students and is a down about 8 students from the previous year. For the last 5 years or so, enrollment has been up from what it was in 2011 and has been basically stable. State aid will be higher this year than last due to the fact that the state now knows our values were down last year compared to the previous year. Supt. has searched out all possible revenue streams. Supt. has worked to keep HR cost to a minimum, while meeting all needs of all students. Hold harmless for last years MTN

Negative Factors Affecting Finances State cuts in funding in 2011 have not been restored We have lost $74,000 in annual Federal funding since September 1, 2012. Local policy of early tax payment incentive allows for lost revenue for the school district.

Goals of Budget Process Provide High Quality School for Children of the Community. Fairness and Responsibility to Taxpayers Maximize Available State Aid Ensure Future Financial Health of District Retain High Quality personnel Work toward a balanced budget

Property Taxes are Determined By: Local Property Values State Laws District Tax Rate – Effort (we have highest M&O rate possible without a Tax Ratification Election) Bonded Debt (I&S rate)

Tax Rate Determination Maintenance and Operation- $1.04 is highest legal amount without voter approved Tax Ratification Election that could net up to .13 more Interest and Sinking Fund- dedicated to pay our debt = .34

Proposed Tax Rate The Proposed Tax Rate for 2017-2018 is: M&O = 1.04 For a total rate of $1.38/$100 Valuation. Local early tax payment incentive decrease applies to M&O & I&S rate. Rounding

Taxes Due for Average Home in BISD Taxes due on average residence for last year was $329.20 Taxes due on average residence for this year is $ 322.08 11 years ago tax rate was $1.50 for M&O and .07 for I&S or total of $1.57 ($1.38 is proposed for this year)

Benefits Maintains about $50,000 dollars of the $150,000 in cuts to the budget that have been implemented since September 1, 2011. Compared to last year, maintains all programs and services for kids and benefits for employees. Golden Pennies $41.21 / WADA (same as Austin ISD) or 23,200 per penny or 92,800 total. Weighted pennies about 1.5 that amount Also in next years calculation as effective tax rate

Comparisons FB officials increased 25% (from 12-13) BB officials increased 90% (from 12-13) VB officials increased 100% (from 12-13) Erate decreased 10% (2015) Maintenance & Operation Tax rate remains the same Interest & Sinking Fund Tax rate remains the same

Fund 199

Fund 240

Fund 599