| School board to vote on budget |
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| Monday, 26 July 2010 22:42 | |||
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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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