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Mansfield Magazine

MISD Trustees Approve Balanced Budget, Lower Tax Rate

Sep 02, 2015 12:39PM ● By Kevin

The Mansfield ISD Board of Trustees adopted a balanced budget for the 2015-16 school year, and the tax rate was decreased. The decisions were approved at the Regular Board Meeting on Tuesday, August 25, according to a release sent out by the district via email last week.

The 2015-16 budget totals $311.2 million. The budget includes $257.7 million for the general fund and $53.5 million for debt service.

Some of the additional highlights of the approved budget are:

  • An increased minimum salary for teachers.
  • A revised teacher matrix with a step increase for teachers.
  • A 3 percent increase for professional/paraprofessional staff on the midpoint of the applicable pay grade.
  • An additional 12 contingency positions included to address growth, along with 12 positions previously approved by the Board.

“Not only did we approve a balanced budget—we approved a balanced budget that included salary raises for our staff and additional contingency positions to address MISD’s growth. I’m very excited and proud of that,” said Superintendent Dr. Jim Vaszauskas.

Trustees also voted to approve a lowered tax rate of $1.51. (It was previously $1.5271.) $1.04 is for maintenance and operations; $.47 is for the debt service. The rate applies per $100 of taxable property value.

“I’m happy about the fact that we were able to save taxpayers some money,” said School Board President Dr. Michael Evans. “It’s crucial that our community understands that we are very thoughtful about how each dollar is spent within the district.”

The budget for student nutrition was also approved for $17.2 million. View more information about the 2015-16 budget here.

Information provided by Mansfield ISD.

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