Wichita Falls ISD Board Members Approve 2014-2015 Budget

By Mechell Dixon

Published 08/27 2014 10:38PM

Updated 08/28 2014 09:53AM

It's probably not something tax payers would say they often see, but property owners in the WFISD are about to see a tax decrease.

Wednesday evening, it took just about seven minutes for school board members to hold a meeting and adopt the 2014 - 2015, $118- million budget. And, they also adopted the debt service tax rate for this school year, which school officials say will cause property taxes to go down.

"We did have some debt service roll off and since the bond election did fail the debt service rolled off the tax are going down so there actually is a tax decrease," says Trey Sralla, Wichita Falls ISD board president.

Board members say the 1994 bond for $29.5-million was paid off this year, resulting in 7-cent decrease in school property taxes. Also, board members approved a 3-percent raise for all teachers and staff.

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