The Carroll ISD Board of Trustees unanimously approved an eight cent decrease to the total tax rate during their regular meeting Monday evening.
The new tax rate adopted by the district is at $1.30 per $100 valuation, while the former tax rate was set at $1.38 per $100 valuation, according to a previous Southlake Style article. The majority of the decrease comes from the district's maintenance and operation tax rate, which decreased from $1.04 to 97 cents per $100 valuation, according to the resolution.
However, upon further feedback from the community, the board also agreed to lower the interest and sinking rate by one cent as well to 33 cents per $100 valuation, which brought the total tax rate decrease down to eight cents. Assistant Superintendent for Financial Services Scott Wrehe says the decrease would provide the average taxpayer approximately $556 in savings.
"We did get a lot of input from the community, not just in the last meeting with public comments but also with emails and conversations in the last two weeks," Board of Trustees Vice President Michelle Moore says. "The opportunity for us to do eight cents when we've been doing half of a cent for the last four years is really outstanding."
The Board of Trustees also approved Carroll ISD Assistant Director of Finance Christy Stinson as the new Director for Purchasing and Risk Management. The next Board of Trustees meeting will be held at 5:30 p.m. on Monday, September 23 at the Carroll ISD Administration Center.