The Stephenville ISD board of trustees will meet at 6:30 p.m. today to tackle a lengthy agenda, which will include considering one of two proposed budget and tax rate options for the district.

Option one proposes an M&O (Maintenance & Operations) at $1.06 per $100 of evaluation and I&S (Interest & Sinking) at $0.1749 per $100 of evaluation for a total of $1.2349 per $100 of evaluation estimating the General Fund revenues at $30,266,381 and an estimated $29,760,719 of expenditures. The proposed Debt Service Fund revenues would be estimated at $2,906,721 and the estimated expenditures would be $2,679,338.

Option two proposes an M&O (Maintenance & Operations) at $1.17 per $100 of evaluation and I&S (Interest & Sinking) at $0.0649 per $100 of evaluation for a total of $1.2349 per $100 of evaluation estimating the General Fund revenues at $31,881,106 and an estimated $29,760,719 of expenditures. The proposed Debt Service Fund revenues would be estimated at $1,287,540 and the estimated expenditures would be $2,679,338 with a $1,400,000 general funds commitment. 

Both options keep the total tax rate the same as the past two years. 

A public hearing is set for the next SISD board meeting on Aug. 21.

Other agenda items include Superintendent Matt Underwood’s report on the 2016-17 STAAR Test results, the iChampion Summit and drug testing; a summer work update by Keith Starnes; recognitions; and other reports and action items.

The E-T will publish an updated article after the meeting in Wednesday’s edition and online at yourstephenvilletx.com.