Last week, the Graford Independent School District Board of Trustees approved the budget and tax rate for the coming year.
Trustees adopted a tax rate of $1.061244 for the coming year, down from last year's tax rate.
"It is a little less than it was last year," said GISD Superintendent Dennis Holt. "We will maintain a balanced budget. We're trying to be fiscally responsible, doing what we have to do."
This year's budget was approved at a little under $9.5 million, up just over $358,000 from last year's budget.
According to figures from the district, the tax rate that would raise the same amount of revenue as last year would be $1.11
Under Chapter 41, the state's "Robin Hood" law requiring "rich" districts to send money to the state for distribution to "poor" districts, GISD has sent over $5.3 million so far this year. This coming year, the district anticipates sending over $5.55 million.
Holt said the district is trying to maintain the same level of service to its students without overburdening taxpayers.
"We're trying to stay responsible to the community and not unnecessarily burden them," he said.