IISD adopts budget and passes tax rate

    Industrial ISD trustees passed the 2014/2015 budget and adopted a tax rate for the same period when they met on Aug. 25.
    According to Superintendent Tony Williams, the $11,124,619 budget is balanced, reflecting an equal amount of projected revenue and expenses.
    Taxable values for 2014.2015 are $696,670,746.
    The tax rate was set at $1.24 per $100 of valuation, which includes $1.17 for maintenance and operating and $0.07 for interest and sinking, which is $0.02 lower than the 2013/2014 rate.
    The next regular board meeting will be Monday, Sept. 8 at 6 p.m.