The Canton ISD Board of Trustees met June 27 and hit the books concerning the 2016-’17 budget.
CISD Business Director Denise Stone navigated the course through the proposed budget, reflecting that the district will take a “conservative approach,” in regards to the budget.
“We have always had a conservative approach for the last six years which has been a proven success with our healthy fund balance,” Stone said.
Stone informed the district that revenue sources within the district derive from 52 percent local taxes; 8 percent federal; and 40 percent state revenue.
Local income is derived from 98 percent property tax collections with a minimal percent to gate receipts/miscellaneous revenue.
Stone said that the tax rate set at $1.471 has been the same for the last nine years, and is proposed to stay the same.
The estimated budget is balanced with revenues set at $15,943,414 and expenditures also at $15,943,414.