Special June 23 CFISD meeting canceled
Superintendent David Anthony canceled on Monday a special June 23 meeting of the Cypress-Fairbanks Independent School District school board because he anticipated the Texas Legislature would pass a school finance bill this week.
"The general consensus of consultants and legislative staff members is that the legislation will not change significantly from the finance models that we received last week," Anthony wrote in his email.
After discussion with board president John Ogletree, Anthony added that, "I will not be recommending that the optional homestead exemption be reduced or eliminated for the 2011-12 school year."
Trustees voted on June 13 to meet June 23 to decide the fate of the district's optional homestead exemption, which costs the district $50 million a year in tax revenue while saving the average homeowner $400 a year in taxes.
CFISD is one of seven school districts in Harris County that offers the maximum optional exemption, reducing taxable value by 20 percent on a homeowner's permanent residence.
Discussion occurred two years ago about the possibility of eliminating or reducing the optional exemption, but school officials encountered opposition from residents.
The district's tax rate is $1.43 per $100 of assessed property value.
In his email, Anthony said a resolution to maintain all local and state exemptions granted by CFISD would be recommended for approval at the board's special June 30 meeting. The district budget for 2011-12 also will be presented.
He said a budget must be adopted before July 1.
The meeting will begin at 6 p.m. in the district's Instructional Support Center at 10300 Jones Road.
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