Dripping Springs ISD approves 2017-2018 budget

Maintaining the current ad valorem tax rate was one of several highlights in Dripping Springs ISD’s Fiscal Year 2018 budget, which was approved unanimously by board trustees June 26.

The budget, presented by Assistant Superintendent Elaine Cogburn, reflects the district’s practice of having revenues fund ongoing expenditures and limiting the amount of those expenditures in order to keep a balance.

With this policy, the board prohibits exceeding beyond a two percent deficit of the proposed budget’s revenue. The goal of the policy, which was enacted in 2014, would prevent any potential deficit from draining the district’s fund balance below a threshold of four months of operating expenses.