The Lamar CISD Board of Trustees voted to approve the proposed 2023-24 budget at a board meeting on Aug. 15, including a nearly 10% reduction in the tax rate.

The breakdown

  • $446.9 million is the total projected revenue
  • 42.89% of the total revenue is from local property taxes
  • 56.33% is from state funding
Cost to the district
  • $438 million is the total amount the district will spend
  • $369.7 million goes toward payroll and benefits costs for teachers and staff
  • $8.8 million remaining is to be invested for the district and for the staffing of a new school
What else?

The tax rate per $100 valuation was reduced from $1.2420 to $1.1492.