The New Caney ISD board of trustees held a public hearing Aug. 17 on its proposed 2020-21 budget and tax rate of $1.4761.
The current proposed budget has the district collecting $198.99 million in revenue from local, state and federal sources. For expenditures, the district plans to spend $200.28 million, leaving a budget shortfall of $1.29 million. However, Brandy Chelette, the district's executive director of business and financial services, said this shortfall is planned for and will help “bring down the debt service fund.”
The tax rate is a $0.0923 decrease from the 2019-20 tax rate of $1.5684 per $100 valuation.
The board did not adopt the tax rate or budget at its Aug. 17 meeting but will adopt the budget in September. Although the board held an open forum, no residents spoke about the tax rate and instead spoke about the district’s plans for reopening.