Laredo ISD Public Hearing 6-20-24

Laredo Independent School District Board of Trustees · June 20, 2024

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Budget overview and proposed tax rate

Presentation

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Unidentified presenter reviewed the 2024–25 budget highlights: total expenditures up 4.79%; total appraised value rose from $5.3 billion to $5.9 billion; appraised new property from $50.7 million to $58.8 million; total taxable value increased from $2.8 billion to $3.2 billion. Presenter gave outstanding bond principal $233,200,000 and compared last year’s tax rate (1.2118) with the rate to maintain revenue (1.2038) and the proposed rate (1.2197), noting the district is awaiting final certified values and a maximum compressed rate from the appraisal/TEA process; estimated increase on the “typ

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Speakers:Unidentified presenter

Public hearing by the Laredo ISD Board of Trustees on June 20, 2024 on the proposed 2024–25 budget, proposed tax rate and summary of federal grants, including Title I, II, III, IV, IDEA and Perkins allocations.

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Transcript

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