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School board to vote on budget

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Lewisville ISD board members will hold a special meeting to discuss their 2010-11 budget this Thursday night.

The board will be asked to adopt the budget after a public hearing.

The meeting will be held at 6:00 p.m. at the Bolin Administration Center, 1565 W. Main Street in Lewisville.

Facing a $22 million deficit for the upcoming school year, trustees recently voted to raise their Maintenance & Operations tax rate by two cents per $100 of valuation.

Since the proposed rate exceeds the “rollback rate” of $1.04 – the rate that would bring in the same amount of dollars from the previous year – residents will be given the opportunity to vote for or against the proposed tax rate through a tax ratification election on Tuesday, Sept. 14.

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