Fort Worth school board adopts tax rate boost for budget that includes raises of 2%
The Fort Worth school district’s board has voted to adopt for 2020-2021 a total tax rate of $1.378 per $100 valuation.
The rate, which is 7 1/2% higher than last year’s tax rate of $1.282, was recommended by Superintendent Kent Scribner and will fund the budget that the district’s board approved in June.
The rate would raise taxes on a $100,000 home by about $96.50.
The board passed the tax rate on Monday with five board trustees voting for it and two against it, according to the minutes of a board workshop. The minutes do not identify each trustee’s vote.
Voters in the district will determine in the Nov. 3 election whether to approve the adopted tax rate.
Someone calculating a school tax bill would divide the total appraised value of a home by 100 and multiply by the school tax rate.
The budget that the board adopted on June 23 includes about $12 million it may use for raises. The board will still need to consider compensation matters that could include raises of 2%.
The general fund’s revenue is $783.8 million. The board adopted a $115.9 million debt service fund and a $52.9 million child nutrition service fund.
This story was originally published August 22, 2020 at 4:52 PM.
