POTTSBORO — The Pottsboro Independent School District the board of trustees decided Monday night, to give taxpayers a little break. The board is poised to drop the tax rate a penny and a half. The board did not adopt the proposed tax rate, but the decrease from $1.19 per $100 valuation to $1.175 will be discussed at an upcoming public hearing.

POTTSBORO — The Pottsboro Independent School District the board of trustees decided Monday night, to give taxpayers a little break. The board is poised to drop the tax rate a penny and a half. The board did not adopt the proposed tax rate, but the decrease from $1.19 per $100 valuation to $1.175 will be discussed at an upcoming public hearing.


The legally required public hearing will be held on Aug. 17. The tax rate includes $1.04 for maintenance and operations and 13.5 cents for debt service.


"The board as a whole, the superintendent and administration have worked diligently to cut expenses of the school district," board President Jim Copeland said. "It’s really nice to go to the taxpayers and say, ‘We’re going to be able to reduce your tax burden.’ It will also give confidence to the taxpayers that we’re here to represent them."


Superintendent Kevin Matthews said the combination of increased property values and refunding bonds allowed the district to lower the proposed tax rate. The district will save at least $860,000 over the eight years until the bonds are paid off, Matthews said. A homeowner with a taxable value of $120,000 will save about $47 a year, he said.


"We had to spend some money to be able to save money," Copeland said. "By everything that we’ve done, we can give back to them little at a time in a form of a tax reduction."


After hiring a consulting firm to evaluate the district’s expenditures, Copeland said the district received advice on how to cut costs, save energy and refund bonds. By deciding to pay more at certain times for services and equipment over the years, he said he believes it helped the district save money in the long run.


The public hearing will be held before the August board meeting on at 5:45 p.m. Aug. 17 in the administration building, located at 105 Cardinal Lane.