Taxpayers in Socorro ISD will see their tax rate stay at the same level for the 4th consecutive year.
The Socorro ISD Board of Trustees this week approved the 2015-16 tax rate of $1.27 per $100 valuation. The rate includes $0.97 for maintenance and operations, which is well below the rate permitted without voter approval of $1.04.
The district can raise its tax rate $.07 without asking for voter approval; however, the Team SISD Board has maintained its commitment to only assessing the minimal rate necessary to fulfill the district’s mission of preparing students for the college and career of their choice
“In an era when many local entities are having to ask their constituents for tax increases, SISD has been able to sustain and grow its programs while maintaining a fiscally responsible tax rate,” said Board President Angelica Rodriguez.
Rodriguez added, “It is incumbent on us to be good stewards of taxpayers’ investment in SISD, and a major part of that is to only collect what is absolutely necessary.”
The board approved a $407 million budget for the 2015-16 school year in June. The budget includes a 1.5 percent salary increase for employees.
“We are proud of the fact that year after year we have been able to give our employees a well-deserved increase in pay while maintaining a balanced budget and consistent tax rate,” Rodriguez said. “This team (SISD Board of Trustees and Superintendent Dr. José Espinoza) have found a great balance in serving the needs of our school community while respecting our taxpayers’ pocketbooks.”