FORT BEND ISD
Board considers increase in tax rate, salaries
By ZEN T.C. ZHENG HOUSTON CHRONICLE
Full story available at the chronicle-click here-
A 2-cent tax rate hike and a 3-percent pay raise for all employees are included in a budget proposal that Fort Bend Independent School District officials are fine-tuning for 2008-09.
Residents will have a chance to tell school officials what they think about the proposed budget of $474 million at a public meeting on Aug. 25 at 5 p.m. at the district administration building, 16431 Lexington Blvd. in Sugar Land. . .
. . .The proposed $474 million budget would include expenditures totaling about $11.3 million more than the 2007-08 budget.
As the proposed 2008-09 expenditures would fall short of the projected revenues by $9.3 million, district officials are considering dipping into a pool of funds known as the fund-balance account. The account, with a current balance of $93.8 million, is surplus money leftover from previous year budgets.
That balance exceeds the maximum amount of what the state recommends to keep in savings for rainy days by $18 million, according to officials of the Fort Bend Employee Federation, a district employee union that has been pushing for higher pay increases for classified employees such as bus drivers and workers at cafeterias and warehouses.
Do the voters realize that the district is keeping nearly 100 million dollars in a fund balance account from past budgets? How much more of our monies are being tucked away without our approval for a "rainy day".
2009 FBISD Tax Hearing (On YouTube)
CLICK HERE FOR THE 2009 FBISD CONTROVERSIAL TAX HEARING (YES THEY ARE RAISING THEM AGAIN--see petition of over 500 district taxpayers asking for board accountability) --In case anyone missed it they raised the property tax rate again (4th time) in 2010 and more than likely will do so again in 2011 facing another projected 15-20 million dollar budget deficit, according to some media reports. ***NEW*** ..Petition TO STOP THE GSTC (Global Science Museum being planned at the district central office--near $30 million dollar project that superintendent Jenney is pushing): http://www.ipetitions.com/petition/stopthegcst/ (see update below on this apparently ending this project after 2 years)