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Pewitt CISD approves $500,000 committed fund balance and sets tax rates
Summary
The Pewitt CISD board on Aug. 29 approved a $500,000 committed fund balance, $200,000 uncommitted, and set M&O and I&S tax rates at $0.705400 and $0.255500 respectively; motions were approved during a special meeting with several budget items adopted.
The Pewitt CISD Board voted during a special meeting Aug. 29 to establish a $500,000 committed fund balance and $200,000 in uncommitted funds. Justin Green moved to approve those balances and Keith West seconded; the motion passed.
The board also set its tax rates for the coming year, approving a Maintenance & Operations rate of $0.705400 and an Interest & Sinking rate of $0.255500. Keith West moved the tax-rate motion and Seth Hodges seconded. The board approved the rates as recorded in the meeting minutes.
