May 16, 2017

Todd Marshall
Director of Communications,
Marketing and Development
903.794.3651 ext. 1013

May Meeting for TISD Board of Trustees Include Officer Elections, Insurance Proposals and Budget Reading

Texarkana, TX – During the May 16, 2017 Board of Trustees meeting for Texarkana Independent School District members addressed officer elections, insurance proposals, budget for 2017-18 and more.

First order of business was to administer the oath of office to the newly re-elected Trustees.

Amy Bowers (District 4), Gerald Brooks (District 2) and Fred Norton, Jr. (District 7 At-Large) were re-elected to serve three-year terms for their respective areas. Bowers was appointed to the TISD Board of Trustees in October 2014 to fulfill the remainder of a one-year term previously held by Jerry Chapman. She was elected to serve in May 2015. Brooks was appointed to the Board in 2013 and elected in May 2013 to fulfill the remainder of a one-year term previously held by Dr. James Grant. He was re-elected in 2014. Norton began his service to the TISD Board of Trustees in 2013 and was re-elected in 2014.

During their Tuesday, February 21, 2017 regular session, Texarkana Independent School District Board of Trustees approved the cancellation of the May 6, 2017 Trustee Election due to all candidates being unopposed.

Additionally, Board members elected new officers for the 2017-18 school year. Fred Norton, Jr. (District 7 At-Large) will continue to lead as President with Gerald Brooks (District 2) serving as Vice-President and Amy Bowers (District 4) as Secretary.

Proposals for yearly Automobile, Property and Liability Insurance were approved with the bid going to Offenhauser & Company, via Texas Political Subdivisions for $289,212.
“Last month, I presented to you some very preliminary numbers based upon funding bills in the Texas House of Representatives and the Texas State Senate,” shared Deidra Reeves, Chief Financial Officer. “Today, I am presenting two options that appear to be the best projections we can pin point at this time.”

The first is assuming that all funding, revenue and expenditures remain the same as in 2016-17. With that, TISD would face a $1,671,612 deficit. In the second scenario, we are showing the passing of House Bill 21 which would bring in additional state funding of $1,468,728. In this situation, the budget deficit would be $202,884.

No change will be made to TISD’s total tax rate which has remained the same since 2015. The 2017-18 proposed tax rate is represented by $1.17 for Maintenance & Operations (M&O) and $.255 for Interest & Sinking Funds (I&S) which is used to repay bonded indebtedness and other debts.

Board of Trustees will hear the third reading in June with final budget approval given in late-June.

Additionally, members approved the date change for the June 2017 Board meeting from Tuesday, June 20, 2017 to Tuesday, June 27, 2017 in order to have sufficient time to receive all data needed for the third reading of the budget.

In final business, Board members re-appointed Bryan DePriest to the Tax Increment Reinvestment Zone Advisory Board for the City of Texarkana, Texas.

The TIRZ facilitates a program of public improvements that allow and encourage the development and redevelopment of areas of Texarkana consistent with the goals of the City’s Master Plan. Construction of public improvements is scheduled to take place in phases over a number of years and timed in coordination with new development and redevelopment projects in the Zone. Funding for the improvements is generated when structures are built on undeveloped property which increases the value of the property. The difference in tax value of the undeveloped property and the property after it is developed is placed in the TIRZ fund for projects such as sidewalks, cross walks, storm sewers and draining ponds, landscaping, parking lots, utility line relocation and installation, water system improvements, bicycle routes, public transportation projects and signage.

The TIRZ Advisory Board will discuss and recommend projects to the City of Texarkana, Texas City Council which will make the final determination regarding the use of TIRZ funds.

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