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School Board Approves Decreased Tax Rate, 2019-2020 School Budget

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The Aledo ISD Board of Trustees approved a decreased tax rate and the 2019-2020 school budget during the Tuesday, Aug. 27 Special Board meeting.

Trustees voted 7-0 to approve the adoption of a $1.49 tax rate, which is a 10-cent decrease from the previous rate of $1.59.

During the recent 86th legislative session, lawmakers approved House Bill 3 which provides additional state funding that allowed Aledo ISD to lower the school district tax rate. Prior to approving the tax rate and school budget, a public hearing was held.
 
The approved 2019-2020 Aledo ISD budget includes the following employee raises:

-Aledo ISD’s starting teacher salary from $51,000 to $55,000
-7% raise for teachers, librarians, and nurses with 6+ years of experience (a minimum of a $3,950)
-6.5% raise for teachers, librarians, and nurses with 1-5 years of experience (a minimum of a $3,700 increase)
-6% raise for paraprofessional and auxiliary employees
-5% raise for campus and district administrators and other professionals

Trustees also voted 7-0 to approve paying a portion of the District's outstanding bonds before maturity. This payment will save District taxpayers $488,775 in future interest costs.

-View Tuesday's night's Board meeting by clicking here. All meetings are recorded and available for the community to view the morning following the meetings.