PSJA ISD’s School Board approves new Tax Rate to support Maintenance and Operations costs
SAN JUAN – The Pharr-San Juan-Alamo School District held a tax rate public hearing on August 23, 2021, during the school board regularly scheduled board meeting to propose the 2021 tax rate.
The proposed tax rate of $0.9976 for maintenance and operations (M&O) per $100 valuation supports the district’s balanced budget of $390,745,424, and a debt service of $23 million.
The total estimated tax rate proposed is $1.2167, including $.0317 in disaster pennies for M&O due to Hurricane Hanna. This new rate provides savings of $0.0508 but will provide more fund toward the M&O than last year’s rate.
PSJA’s M&O fund is used for daily district operations, such as paying for salaries, utilities, supplies, insurance, equipment, and contracted services, among other expenses. Teacher salaries, counselor salaries, principal salaries, property insurance, electricity and fuel are all examples of operating expenses.
PSJA ISD is maximizing its state revenues and is not anticipating additional funds in the next fiscal year except for student growth, as applicable.
“We commend the work of our Business Services Department for balancing our budget,” said PSJA ISD Superintendent Dr. Jorge L. Arredondo. “This last year has brought additional expenditures to adequately prepare our schools, students and staff to learn and work through a pandemic. It has taken a toll on our budget, and this approval will help us continue this work seamlessly.”