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Tatum ISD finance update: bond paydown shown; VATRE trimmed tax rate by one penny
Summary
Assistant Superintendent of Finance Brandon Milam presented a budget update on Feb. 10 that included a table showing bond paydown and noted that passing the VATRE reduced the district—s tax rate by one penny.
At the Feb. 10 meeting Brandon Milam, Assistant Superintendent of Finance, provided trustees with a budget update that included a table tracking pay down of the district—s bond payment. Milam also reported that passage of the VATRE reduced the district—s tax rate by one penny.
The board discussed the table and the mechanical impacts on the tax rate; there was no formal vote associated with the report. Administration told the board it would continue to monitor bond payments and the effect of revenue changes on future budgets.
