LISD approves $498.5 million budget, tax rate holds steady

LISD CFO Mike Ball explains the ins and outs of the FY 2019 budget. (Photo by Leopold Knopp)

The Lewisville ISD Board of Trustees approved its $498.5 million budget and tax rate for fiscal year 2019 Monday night, one that includes $34.5 million for the “Robin Hood” recapture program.

Despite this new payment, expenditures are only up $32.4 million overall, which is in line with recent years.

Revenues are up by almost $33 million, which is much more than the least year’s increase.

The tax rates will remain steady, with maintenance and operations holding at $1.04 and interest and sinking at $0.3675, for a combined tax rate of $1.4075 per $100 in taxable property value.

Read more from The Lewisville Texan Journal.

CTG Staff
The Cross Timbers Gazette News Department

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