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    June 7, 2019
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NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE Tom Boan ISD The will hold a public. meetingat Tom Bean iSD Adeinration Ofmcee, 100 E. Gamer 700 PM, Monday, June 19, 2019 in , The purpose of this meeting is to discuss the school district's budget that will determine the tax rate that will be adopted. Public participation Tom Bean, Texs- in the discussion is invited. The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the proposed rate shown below unless the district publishes a revised notice containing the same informations and comparisons set out below and holds another publlik meeting to discuss the revised notice 1.17 /$100 (Proposed rate for maintenance and operations) oument law) Maintenance Tax School Debt Service Tax Approved by Local Voters 22 100 (proposed rate to pay bonded indebtedness) Comparison of Proposed Budget with Last Year's Budget The applicable pencentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories Maintenance and operations % Increase % (decrease) or 01 % (decrease) Debt service %increase or 090 Total expenditures C % (decrease) % increase or Total Appraised Value and Total Taxable Value (as calculated under Tax Code Section 26.04) Preceding Tax Year Current Tax Year 209.154.154 Total appraised value of all property 356 095 494 S 7,00068 Total appraised value of new property 8.082 340 280 250.000 Total taxable value" of all property 258,707,159 7,063,150 Total taxable value of new peoperty 7.000.257 "Appraised value"is the amount shown on the appraisal noll and defined by Tax Code Section 1.04 New property is dehinod by Tax Code Sectlon 2601217) Taxable value is defed by Tax Code Secion 1.041100 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $ 800,000 Oustanding prinopal Comparison of Proposed Rates with Last Year's Rates Maintenances Interest &Sinking Fund tocal Reveeae State Revem Per Student. & Operatlems Total Per Student 12 Last Year's Rate 1.17 Rate to Maintaln Same Operations Pay Debt Service 131 9d4 5808 Proposed Rate 17 1 38 The interest &Sinking Fund t revenue is ned to pay for hended indebtediness on constnaction equpment or both The snt the ateeessary epy thse dsw appey the voters ofs s Comparison of Proposed Levy with Last Year's Levy on Average Residence This Year Last Year Average Market Value of Residences 167.781 17.148 Average Taxable Value of tesidences 11155 136,00 Last Year's Rate Versus Proposed Rate per $100 Value 1.29 129t Taxes Oue on Average Restdence L437 10 1,876.9 330 8 Increase (Decrease) ins Taxes Under state law, the dellar amount of school taxes imposed on the residence homestead of a person years of age or older when the person died, may not be increased above the amount paid in the first year after the person tumed 65, regardless of changas in tax rate or property value. Notice of Rollback Rate: Thehlghest taxrate the district canadoptbeforerequiring voter approval at an This election wil be automatically held ifthe district ndopts etection is 43 143 a rate in excess of the rollback rate of Fund Balances The following estimated balances will remaln at the end of the current fiscal year and are nos encumbered with or by a coresponding debs obligation, less estimated fands necessary for operating the district before recelpt of the frst state ad payment Maintenance and Operations Fund Balancots 2,744o nterest &Sinking Fund Balance(s NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE Tom Boan ISD The will hold a public. meetingat Tom Bean iSD Adeinration Ofmcee, 100 E. Gamer 700 PM, Monday, June 19, 2019 in , The purpose of this meeting is to discuss the school district's budget that will determine the tax rate that will be adopted. Public participation Tom Bean, Texs- in the discussion is invited. The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the proposed rate shown below unless the district publishes a revised notice containing the same informations and comparisons set out below and holds another publlik meeting to discuss the revised notice 1.17 /$100 (Proposed rate for maintenance and operations) oument law) Maintenance Tax School Debt Service Tax Approved by Local Voters 22 100 (proposed rate to pay bonded indebtedness) Comparison of Proposed Budget with Last Year's Budget The applicable pencentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories Maintenance and operations % Increase % (decrease) or 01 % (decrease) Debt service %increase or 090 Total expenditures C % (decrease) % increase or Total Appraised Value and Total Taxable Value (as calculated under Tax Code Section 26.04) Preceding Tax Year Current Tax Year 209.154.154 Total appraised value of all property 356 095 494 S 7,00068 Total appraised value of new property 8.082 340 280 250.000 Total taxable value" of all property 258,707,159 7,063,150 Total taxable value of new peoperty 7.000.257 "Appraised value"is the amount shown on the appraisal noll and defined by Tax Code Section 1.04 New property is dehinod by Tax Code Sectlon 2601217) Taxable value is defed by Tax Code Secion 1.041100 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $ 800,000 Oustanding prinopal Comparison of Proposed Rates with Last Year's Rates Maintenances Interest &Sinking Fund tocal Reveeae State Revem Per Student. & Operatlems Total Per Student 12 Last Year's Rate 1.17 Rate to Maintaln Same Operations Pay Debt Service 131 9d4 5808 Proposed Rate 17 1 38 The interest &Sinking Fund t revenue is ned to pay for hended indebtediness on constnaction equpment or both The snt the ateeessary epy thse dsw appey the voters ofs s Comparison of Proposed Levy with Last Year's Levy on Average Residence This Year Last Year Average Market Value of Residences 167.781 17.148 Average Taxable Value of tesidences 11155 136,00 Last Year's Rate Versus Proposed Rate per $100 Value 1.29 129t Taxes Oue on Average Restdence L437 10 1,876.9 330 8 Increase (Decrease) ins Taxes Under state law, the dellar amount of school taxes imposed on the residence homestead of a person years of age or older when the person died, may not be increased above the amount paid in the first year after the person tumed 65, regardless of changas in tax rate or property value. Notice of Rollback Rate: Thehlghest taxrate the district canadoptbeforerequiring voter approval at an This election wil be automatically held ifthe district ndopts etection is 43 143 a rate in excess of the rollback rate of Fund Balances The following estimated balances will remaln at the end of the current fiscal year and are nos encumbered with or by a coresponding debs obligation, less estimated fands necessary for operating the district before recelpt of the frst state ad payment Maintenance and Operations Fund Balancots 2,744o nterest &Sinking Fund Balance(s