|Polk County Enterprise - Local News
Copyright 2011 - Polk County Publishing Company
Budget, tax rate deadlines nearing
BY VALERIE REDDELL
LIVINGSTON — Taxing entities throughout Polk County are announcing public hearings in preparation for approving their budgets for the 2012 fiscal year and setting ad valorem tax rates. Polk County Commissioners will officially rescind actions taken at their last regular session at a meeting set for 9 a.m. Tuesday that included announcements of public hearings and the date they will adopt the tax rate. That action was based on an incorrect effective tax rate calculation which triggered two additional hearings which are not necessary since the county actually projects collecting less tax revenue that the current year. The corrected 2011 Effective Tax Rate calculation and the proposed county budget for 2012 are available for inspection on the county’s website at www. co.polk.tx.us. A public hearing on the budget will be held at 9:45 a.m. Sept. 13 and a record vote to approve the budget and tax rate will be held during the meeting which follows at 10 a.m. Commissioners have proposed keeping the tax rate at 62.77 cents per $100 for the seventh straight year. Big Sandy ISD Trustees for Big Sandy ISD will hold a public meeting to discuss the budget and proposed tax rate at 6:30 p.m. Aug. 29 in the district’s administration building in Dallardsville. The proposed budget decreases maintenance and operations (M&O) by 12 percent and the total taxable value for the district dropped from $540,618,917 to $525,592,542, according to a notice from the Polk County Tax Assessor-Collector’s office. Local revenue per student is expected to drop from $6,999 to $6,645 and state revenue/student will drop from $2,893 to $2,852. The average taxable value of a residence in the Big Sandy district went from $26,657 to $32,489 while market value went from $41,657 to $58,895, according to the notice. Livingston ISD Livingston ISD will meet to discuss the budget and tax rate at 6 p.m. Aug. 29. The budget includes a decrease in M&O spending of 0.9 percent and a 3.25 percent increase in debt service on the $4,524,626 in bonded debt. State spending/student is decreasing from $4,036 to $3,746 while local spending will drop from $4,377 to $4,309. The M&O rate will remain at the state cap of $1.04 per $100 in taxable value while the interest and sinking rate will drop from 37.355 cents to 35.5 cents. The average taxable value of a residence in LISD rose from $56,653 to $74,605 which would yield a tax increase of $239.94. Market values in the district went from $71,653 to $93,114 since last year. Onalaska ISD Onalaska school district is proposing a 15 percent decrease in M&O expenses and an 8 percent decrease in debt service, according to a notice from the county tax office. State revenue/student will decrease from $4,782 last year to $4,244 while local revenue/ student will drop $1 under the proposed tax rate. The average market value of homes in Onalaska went from $67,990 to $93,908, according to the notice while the taxable value went from $52,990 to $73,505. A homeowner with a residence at that average value would see a tax increase of $233.25. That proposed levy includes a decrease in the debt service rate from 14 cents to 12.8 cents per $100. The total appraised value of all property in Onalaska is went from $518,593,002 last year to $527,168,450 this year, the notice stated. New property amounting to $4,238,468 was added to Onalaska’s tax rolls. Goodrich ISD Goodrich ISD will hold a public meeting on the proposed budget and tax rate at 7 p.m. Aug. 25. The district plans to decrease M&O spending by 4.25 percent and expects to see state spending per student drop from $4,797 to $4,240. Local revenue/student will go from $5,219 to $5,188. The taxable value of the average Goodrich ISD residence went from $34,631 to $54,045, according to the notice. That “average” homeowner would see a tax increase of $201.90. Leggett ISD Leggett trustees will meet at 6:45 p.m. Aug. 25 to discuss the proposed budget and tax rate, which will decrease debt service spending by 1.97 percent. State spending/student in Leggett will decrease from $3,328 to $2,271 under the proposed budget and local revenue will increase from $8,774 to $9,252. The average taxable value of a Leggett home went from $18,334 to $45,199, yielding a tax increase of $303.30. Both the City of Onalaska and the City of Livingston have proposed to continue their policies of assessing no ad valorem taxes. The City of Livingston will hold a budget hearing at 5 p.m. Sept. 13.