Wednesday, June 10, 2009

Cy-Fair ISD considers getting rid of homestead exemption



Many homeowners are not happy about that option, but Cy-Fair's school superintendent says getting rid of that discount is the best thing to do in order to deal with their budget shortfall of $28.8 million.

"I think it’s bad. Everybody's hurting right now, and no one wants to pay more taxes," said homeowner Laverne Barrow.

But the $28.8 million shortfall is only for this year. The Cy-Fair School District estimates the deficit will rise to over $100 million by 2013.

"The school district has grown a lot, but I think they anticipated a bigger tax base. Now we've had the economic downturn, and they haven't had the houses built," said homeowner Karen Mugavero.

On Tuesday night, over 150 people attended a meeting to hear what the school board proposed. They also had the chance to have their say.

“They're spending more than they have, which you can't do. This is a recession. You need to stay within your budget and spend within your budget,” said one homeowner at the meeting.

READ THE FULL STORY HERE

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