I received the following email concerning the proposed property tax increase...at least someone seems to be putting some thought into it. Please feel free to express yours. I will be happy to post them.
OK, What they don't want you to know. The taxable value of CISD was projected to increase by $107,657,433 for th 08/09 school year. At $1.34/$100 valuation, that generates $1,442,000 more tax income for CISD than the previous school year. NOW, they are saying that they need even more money to run the district. Am I missing something here??? Their budget was +/- $36,000,000 per year, so 1.4 mm is about a 3% increase in tax income per year. Am I missing something here?? Please let me know if I am.
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