See Chronicle Update on this: http://www.ultimatefortbend.com/2010/09/higher-tax-rate-expected-fbisd
FBISD Board Approves Tax Rate
By: Jamie Mock, FBN
The Fort Bend Independent School District has approved the 2010 tax rate at $1.34 per $100 of valuation. The rate is higher than last year’s $1.305, but less than the effective tax rate of $1.3693.
The effective tax rate is the rate needed to collect the same revenue as the prior year.
Jim Babb was the only board member to vote against the tax rate.
The maintenance and operations part of the tax rate remains the same, at $1.04 – the most the district can asses without going to the voters. The increase comes in the portion of the tax rate used to pay off debt...
-A big congratulations goes out to the lone hold out on the rate increase! Finally some back-bone on the BOT!
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)