Smithville ISD Board Approves 2019-2020 Budget
(September 4, 2019) The Smithville Independent School District Board of Trustees approved the 2019-2020 budget, during their regular monthly board meeting held on August 26. The approved budget of $22 million includes a general operating fund of $17.0 million, a food service fund of $1.1 million and a debt service fund of $2.2 million.
The budget includes the 2019-2020 Salary Schedules which were adopted at the August 5th Special Called Board Meeting. The salary schedules included a pay increase for all staff and increased the starting salary for teachers, counselors, librarians and full-time RN’s with a bachelor’s degree to $43,200 and $44,250 for those with a master’s degree.
The budget also provides for a boost to the employer insurance contribution from $367 to $378 per month. The $11 monthly increase is $132 annually in additional compensation which allows each employee to access the basic health insurance plan at no cost.
A public hearing to discuss the proposed tax rate of $1.34835 per $100 property valuation for the 2019 tax year was held prior to the regular monthly board meeting. The proposed tax rate included $1.06835 for Maintenance and Operation (M&O) and $0.28 for Interest and Sinking (I&S) that goes towards paying bond debt. The tax rate was later adopted unanimously by the Smithville ISD Board of Trustees.
Superintendent Cheryl Burns applauds the Board of Trustees and the work of Chief Financial Officer Jean Ann McCarthy. The preparation of the budget was more cumbersome due to the new laws, state funding formulas and compensation guidelines, as required by HB3. She appreciates the time and energy that Mrs. McCarthy devotes to preparing a budget that not only meets the needs of the district but also takes into consideration the costs to our taxpayers. Superintendent Burns also acknowledges the hard work of the Board of Trustees to represent all stakeholders and adopt a budget that is competitive and financially attainable.