By Holly Wise
Killeen Daily Herald
A collective sigh of relief was exhaled Tuesday when the Killeen Independent School District board of trustees unanimously approved the district's $360 million budget.
KISD Chief Financial Officer Megan Bradley presented the board with the final budget, which includes revenue of $354 million and expenditures of $339 million.
The total tax rate also was approved unanimously. The rate, $1.14 per $100 property valuation, remains unchanged from last year. The rate includes $1.03 of maintenance and operations and 11 cents to debt service.
Among Waco, Temple, Copperas Cove and Belton school districts, KISD's approved tax rate is the lowest.
Board member Kenneth Ray asked what would happen to the number if the district's federal Impact Aid was not factored in.
"The logic train is that Impact Aid allows us to address facilities and other things, and that works to keep our I&S in check," KISD Superintendent Robert Muller said.
About 63 percent, or $228 million of the total budget, will be spent on instruction to compensate the district's 2,699.5 teachers, 912.5 educational aides, 47.5 librarians and 84 special education professional support staff, according to information provided by the district.
General operations account for about 16 percent, or $59 million, of the budget. Administrative costs account for 3 percent, or $12.6 million.
Contact Holly Wise at email@example.com or (254) 501-7555.