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    August 2, 2019
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NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE Van Astyne independent School District will hold a public The meeting at 645 pm the Van Alstyne 1SD Admin Building at 1096 N Waco in Van Alstyne, Texas 75495 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 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 peoposed rate shown below unless the district publishes a revised notice containing the same information and comparhons set out below and holds another public meeting to discuss the revised notice. 10359 $100 Proposed rate for maintenance and operations) Maintenance Tax School Debt Service Tax 100 (proposed rate to pay bonded indebtedness s0 Approved by Local Voters s Comparison of Proposed Budget with Last Year's Budget The applicable percentage increase or decrease lor difference) in the amount budgeted in the preceding fiscal year and the amount budgeted foe the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories: 1843 %(decrease) %(decrease) Maintenance and operations % increase or o095 Debt s Sce % increase or -0.095 Total expenditures 1843 % increase % (decrease) or Total Appraised Value and Total Taxable Value (as calculated under Tax Code Section 26.04) Preceding Tax Vear Current Tax Year Total appraised value of all property .. Total appraised value of new peoperty .011.181.017 853.906.449e 51,136.083 49 523 79z 620 403.693 Total taxable value of all property 716613616 49.523.797 Total taxable value of new property Apprsed value the amount shown on the apprasal eoll and defined by Tax Code Secbon 1.048 New propertyn defined by Tax Code Section 26.012(17). axable valu is defined by Tax Code Section 1.04100 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $ 4.005.000 00 Outstanding princ Comparison of Proposed Rates with Last Year's Rates Maintenanse terest Local Revenue State Revenue &Operations &Sinking Fund Per Student Per Students Total o.50000 Last Year's Rate 1.12000 162000 6.622 4.304 Rate to Maintain Same- Level of Maintenance & Operations Revenue & Pay Debt Service o.50128 1.16212 1.66340 6970 3.950 Proposed Rate s.035000 o50000* 1.53590 6,970- 4.330 The Interest &Sinking Fund tax revenue is used to pay for bonded indebtedness on comtruction equipment, or both The bondh, and the tax rate necessary to pay thone bond wene approved by the vocers of this district Comparison of Proposed Levy with Last Year's Levy on Average Residence Last Year This Year Average Market Value of Residences 235.407 204.278 Average Taxable Value of Residences 198487 223.005 Last Year's Rate Versus Proposed Rate per $100 Value 1,62 1.5359 Taxes Due on Average Residence 3215 3426- increase (Decrease) in Taxes 211 Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older or of the surviving spouse of such a person,, if the surviving spouse was 55 years of age or older when the person died, may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value. Notice of Rollback Rates Thehighest tax rate the district can adopt beforerequiring voter approval at an This election will be automatically held if the district adopts. election is 1.5359 15309 a rate in excess of the rollback rate of Fund Balances The following estimated balances will remain at the end of the current fiscal year and are not encumbered with or by a corresponding debt obligation, less estimated funds necessary for operating the district before- receipt of the frst state aid payment Maintenance and Operations Fund Balance(s) s 4.994645 112.590 interest & Sinking Fund Balancels) NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE Van Astyne independent School District will hold a public The meeting at 645 pm the Van Alstyne 1SD Admin Building at 1096 N Waco in Van Alstyne, Texas 75495 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 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 peoposed rate shown below unless the district publishes a revised notice containing the same information and comparhons set out below and holds another public meeting to discuss the revised notice. 10359 $100 Proposed rate for maintenance and operations) Maintenance Tax School Debt Service Tax 100 (proposed rate to pay bonded indebtedness s0 Approved by Local Voters s Comparison of Proposed Budget with Last Year's Budget The applicable percentage increase or decrease lor difference) in the amount budgeted in the preceding fiscal year and the amount budgeted foe the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories: 1843 %(decrease) %(decrease) Maintenance and operations % increase or o095 Debt s Sce % increase or -0.095 Total expenditures 1843 % increase % (decrease) or Total Appraised Value and Total Taxable Value (as calculated under Tax Code Section 26.04) Preceding Tax Vear Current Tax Year Total appraised value of all property .. Total appraised value of new peoperty .011.181.017 853.906.449e 51,136.083 49 523 79z 620 403.693 Total taxable value of all property 716613616 49.523.797 Total taxable value of new property Apprsed value the amount shown on the apprasal eoll and defined by Tax Code Secbon 1.048 New propertyn defined by Tax Code Section 26.012(17). axable valu is defined by Tax Code Section 1.04100 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $ 4.005.000 00 Outstanding princ Comparison of Proposed Rates with Last Year's Rates Maintenanse terest Local Revenue State Revenue &Operations &Sinking Fund Per Student Per Students Total o.50000 Last Year's Rate 1.12000 162000 6.622 4.304 Rate to Maintain Same- Level of Maintenance & Operations Revenue & Pay Debt Service o.50128 1.16212 1.66340 6970 3.950 Proposed Rate s.035000 o50000* 1.53590 6,970- 4.330 The Interest &Sinking Fund tax revenue is used to pay for bonded indebtedness on comtruction equipment, or both The bondh, and the tax rate necessary to pay thone bond wene approved by the vocers of this district Comparison of Proposed Levy with Last Year's Levy on Average Residence Last Year This Year Average Market Value of Residences 235.407 204.278 Average Taxable Value of Residences 198487 223.005 Last Year's Rate Versus Proposed Rate per $100 Value 1,62 1.5359 Taxes Due on Average Residence 3215 3426- increase (Decrease) in Taxes 211 Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older or of the surviving spouse of such a person,, if the surviving spouse was 55 years of age or older when the person died, may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value. Notice of Rollback Rates Thehighest tax rate the district can adopt beforerequiring voter approval at an This election will be automatically held if the district adopts. election is 1.5359 15309 a rate in excess of the rollback rate of Fund Balances The following estimated balances will remain at the end of the current fiscal year and are not encumbered with or by a corresponding debt obligation, less estimated funds necessary for operating the district before- receipt of the frst state aid payment Maintenance and Operations Fund Balance(s) s 4.994645 112.590 interest & Sinking Fund Balancels)

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