Surplus anticipated in fund balance

By BETTY L. MARTIN
Copyright 2006 Houston Chronicle

The Katy school district unveiled a proposed budget Wednesday that is based on an 18 1/2 -cent cut in the property tax rate and projects a $1.67 million fund-balance surplus at the end of the next school year.

The proposed $430.4 budget was calculated using a tax base of $13.8 billion — a 9.18 percent increase over last year that reflects rising Katy property values, said Bill Moore, the district’s deputy finance superintendent. …more…