The Fort Stockton Independent School District is looking at a total budget of $30.8 million in revenue and a slight decrease in the tax rate.

At its Aug. 30 meeting, the FSISD School Board approved the 2022 budget and tax rate. The total tax rate is $1.1289, which is a 3 cent decrease compared to last year; maintenance and operations has a rate of $0.8792 and debt service is $0.2497.

The total general fund budget revenue is slated at $30,867,825, which is about $1.28 million more than the previous year. Total expenditures are $30,651,693 with a budget surplus (deficit) at $216,132.

“One of the primary drivers outside the funding formula for our revenue is ADA (Average Daily Attendance),” said Maria Gomez, Fort Stockton ISD Director of Financial Services.

The budget is mostly funded by local tax revenue and state funding; property taxes and local revenues generate approximately $22.6 million or 73% of the general fund budget. State funding is $6.8 million of the general fund, Chapter 313 agreements is $732,000, other local revenues is $630,000 and federal funding is $30,000.

The district has a healthy fund balance, according to Gomez.

Due to the increase in taxable values, FSISD is also working to pay off the balance of the 2014 Bond Series set at $2,465,000 and $1,310,000 of the 2016 Bond Series.