Property Tax

Apr 08, 2013   10:03 AM
by Floyd Crider

When the last Texas legislature unexpectantly (and inexplicably) cut education funds by $5.4 billion in 2011, many districts had to scramble to cover expenses. Unfortunately, but righteously, SAISD had to remove the Homestead Exemption and property owners taxes were raised. Recently, many school districts won a combined court case requiring the state to return some funding. It is under appeal but I expect that it will be upheld. This year’s biennial Texas legislature has submitted a plan to add $3.5 billion to education. Should this be enacted along with the results of the lawsuit, we should look at possibly reinstating the Homestead Exemption if possible or lowering school tax rates.

Although education is a business, it is not like regular businesses in that the goal is not to maximize proceeds (profits) from assets. We are required to have a “Fund Balance” recommended to be 25% of our annual budget. If we exceed that and have no needed expenditures, the taxpayers should receive relief from the tax rate. What do you think?

Comments (1)
1 Andrew Killingsowrth Wed, 10 Apr 2013 at 07:14 PM
  We should absolutely reinstate the homestead exemption! Another avenue you may pursue is open source software in schools. I don't know the figures but I assume the IT budget of SAISD is rather large. Spending taxpayer money on expensive software when acceptable, even superior, software is available at NO COST is unacceptable. Keep up the great work my friend and good luck.

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