NOTICE OF PUBLIC MEETING TO DISCUSS
BUDGET AND PROPOSED TAX RATE
The Forsan Independent School District will hold a public meeting at 6:30 P.M., August 14, 2006,
in the Forsan High School Board Room, 411 W. 6th Street, Forsan, Texas.  The purpose of this
meeting is to discuss the school district's budget that will determine the tax rate that will be 
adopted.  Public participation in the discussion is invited.
The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the
proposed rate shown below unless the district publishes a revised notice containing the same information and
comparisons set out below and holds another public meeting to discuss the revised notice.
                   
  Maintenance Tax $1.3700 / $100 (Proposed rate for maintenance and operations)  
   
  School Debt Service Tax  
  Approved by Local Voters $0.1300 / $100 (Proposed rate for bonded indebtedness)  
                   
Comparison of Proposed Budget with Last Year's Budget
   
The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal  
year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of  
the following expenditure categories:  
   
  Maintenance and Operations 27.39% increase  
   
  Debt Service 0.45% increase  
   
  Total Expenditures 27.84% increase  
                   
Total Appraised Value and Total Taxable Value
(as calculated under Section 26.04, Tax Code)
   
  Preceding Tax Year Current Tax Year
  Total appraised value * of all property $ 318,599,904 $ 397,259,716
  Total appraised value * of new property ** $ 169,700 $ 235,098
  Total taxable value *** of all property $ 280,036,001 $ 348,081,738
  Total taxable value *** of new property ** $ 104,809 $ 163,420
   
* "Appraised value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.  
** "New property" is defined by Section 26.012(17), Tax Code.  
*** "Taxable value" is defined by Section 1.04(10), Tax Code.          
Bonded Indebtedness
  Total amount of outstanding and unpaid bonded indebtedness *   $ 4,800,000
* Outstanding principal.              
Comparison of Proposed Rates with Last Year's Rates
  Maintenance Interest & Local Revenue State Revenue
  & Operations Sinking Fund * Total Per Student Per Student
   
Last Year's Rate 1.50000 0.16880 1.66880   7179 1005
   
Rate to Maintain Same  
  Level of Maintenance &  
  Operations Revenue &  
  Pay Debt Service 1.33010 0.12640 1.45650 7454 1175
   
Proposed Rate 1.37000 0.13000 1.50000 7505 1453
   
* The Interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both.  
  The bonds, and the tax rate necessary to pay those bonds, were approved by the voters of this district.    
Comparison of Proposed Levy with Last Year's Levy on Average Residence
   
  Last Year This Year  
Average Market Value of Residences $41,727 $42,025  
Average Taxable Value of Residences $18,382 $18,620  
Last Year's Rate Versus Proposed Rate per $100 Value $1.67 $1.50  
Taxes Due on Average Residence $306.75 $279.30  
Increase (Decrease) in Taxes   ($27.45)  
   
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65  
years of age or older or the surviving spouse of such a person, if the surviving spouse was 55 years of  
age or older when the person died, may not be increased above the amount paid in the first year after   
the person turned 65, regardless of changes in tax rate or property value.      
Note of Rollback Rage: The highest tax rate the district can adopt before requiring voter approval at  
   
an election is $1.50.  This election will be automatically held if the district adopts a rate in excess of   
   
the rollback rate of $1.50.              
Fund Balances
   
The following estimated balances will remain at the end of the current fiscal year and are not encumbered with  
or by a corresponding debt obligation, less estimated funds necessary for operating the district before receipt of   
the first state aid payment:  
  Maintenance and Operations Fund Balance(s) $2,148,630  
    Interest & Sinking Fund Balance(s)     $46,121