La Marque: LMISD proposes tax increase for $1.4M hole

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by Christopher Smith Gonzalez / The Daily News

khou.com

Posted on June 22, 2012 at 8:03 AM

LA MARQUE, Texas — The La Marque school district still needs to find a way to fill a $1.4 million hole in next year’s budget and a tax increase might be needed, school officials said.

Four different options to balance the 2012-13 budget were presented to trustees at a workshop Thursday night. Each plan included passing a tax-ratification election that would increase the tax rate on property owners by anywhere from 10 to 13 cents.

The district has one of the lower tax rates in the county, Laurie Alexander, the school district’s finance director, told the trustees.

The La Marque school district’s combined tax rate is $1.24 per $100 of property value. In comparison, the Dickinson and Hitchcock school districts have the highest combined tax rates at $1.54 per $100 of property value, while the Galveston school district has the lowest at $1.1650 per $100 of property value, according to Galveston County Appraisal District’s website.

Click here for more on this story from The Galveston County Daily News ...

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