Budget, tax rate to be adopted Aug. 31

By Melinda L. Lucas

A special meeting to adopt the 2020-2021 budget and tax rate for the Albany Independent School District is set for 7:30 a.m. on Monday, Aug. 31, the last day that the budget can be adopted, according to state law.

Albany ISD board members looked over the 2020-2021 budget during their most recent regular meeting on Aug. 17.

Expenditures for the upcoming school year are projected to be $6,390,959, compared to the actual expenses so far of just under $5.7 million.

Revenue for the year is expected to be $5,985,756.

The proposed tax rate of 96.64 cents is the highest allowed by the state and is slightly less than last year’s 97-cent rate, also arbitrated by the state.

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