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Stafford MSD and city review proposed FY2024-25 budget and $1.002121 tax rate
Summary
At a joint meeting Aug. 26, Stafford Municipal School District and the City of Stafford reviewed the district's proposed FY2024-25 budget and a proposed total tax rate of $1.002121 per $100 of valuation (M&O $0.786900; debt service $0.215221). The agenda records presentations by Superintendent Dr. Robert Bostic and CFO Dovran Ovezov; no vote outcomes are recorded in the transcript.
Stafford Municipal School District officials and the City of Stafford met Aug. 26 to review the district's proposed budget for fiscal year 2024-25 and a proposed tax rate of $1.002121 per $100 of taxable valuation.
The agenda lists a presentation by SMSD Superintendent Dr. Robert Bostic and Chief Financial Officer Dovran Ovezov on the proposed budget and proposed tax rate. The agenda specifies the tax rate breakdown as $0.786900 for maintenance and operations and $0.215221 for debt service. The meeting also included a scheduled public hearing on the proposed budget and tax rate; the transcript contains the agenda item but does not record any public comments or the hearing's proceedings.
Board and council leaders were set to discuss the city's contribution to the SMSD budget and to receive comments and questions from elected officials. The transcript records that presiding officers would call for votes to approve the 2024-25 SMSD budget and related actions, but the transcript does not contain recorded vote results or final outcomes.
Next procedural steps listed on the agenda include formal consideration and possible action by SMSD trustees and the city council to approve the budget and to establish the ad valorem tax rate for the 2024 tax year.
