RISD taxable values plummet 28 percent
T he Ro c kd a le ISD’s 2012 preliminary values were put at $863,367, 180, down $337,953,563 from the 2011 preliminary total of $1,201,320,743.
Chief Appraiser Pat Moraw attributed much of the drop to a Texas Commission on Environmental Quality (TCEQ) pollution control exemption on fluidized bed technology at Sandow Power Plant Unit 5, along with lower valuations at both Unit 4 and Unit 5.
The drop also affected Milam County taxable values, which dropped 15.2 percent.
“We were anticipating lower values from Luminant, but not as low as presented in the preliminary values,” Supt. Dr. Howell Wright said.
Rockdale ISD is into the second year of cutbacks and austerity measures as a reaction to changes in state funding.
“The state finance system is not a dollar-for-dollar trade-off,” Dr. Wright said. “That means if we receive less tax dollars because of the lower values, the state won’t match the loss.”
The bottom line? “If the preliminary values are ref lective of the final values, which are released at the end of July, we will continue to cut staff and programs next year.”
Luminant has an ongoing lawsuit against the MCAD over current year values. “That’s a separate issue and affects only this year’s revenues,” he said.