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re: What's going on with Zachary and the school funds?
Posted on 12/30/14 at 10:41 am to dewster
Posted on 12/30/14 at 10:41 am to dewster
quote:Ummm... There's only 1 public High School in PCP now. Not sure about the elementary school closures
About 10 years ago, funding problems were so bad that it looked like Pointe Coupee Parish Schools were going to have to shut down two elementary schools and one high school
1
Posted on 12/30/14 at 10:44 am to ell_13
quote:
Ummm... There's only 1 public High School in PCP now. Not sure about the elementary school closures
In those days, there were 2. Central High and Livonia high schools. At some point Central was taken over by the state. I'm not sure what it's status is now.
Posted on 12/30/14 at 10:48 am to dewster
Closed
Posted on 12/30/14 at 10:51 am to ell_13
I just realized that the zachary school district is over twice as large as the city in terms of land area.
I see now why they have feeder schools.
I see now why they have feeder schools.
Posted on 12/30/14 at 10:56 am to dewster
How can the tax rate be so high yet they are still having money troubles?
I currently live in a small ISD in DFW with 1 HS, 1 MS and 2 ES. We pay ~$5800 in property tax, 8% sales tax (with no tax on most groceries), and no state income tax.
When we moved from LA, we lived the last five years in Denham Springs but daughter went to Walker schools and the sales tax was 10% in the city of Walker.
I currently live in a small ISD in DFW with 1 HS, 1 MS and 2 ES. We pay ~$5800 in property tax, 8% sales tax (with no tax on most groceries), and no state income tax.
When we moved from LA, we lived the last five years in Denham Springs but daughter went to Walker schools and the sales tax was 10% in the city of Walker.
Posted on 12/30/14 at 11:01 am to LSUSUPERSTAR
I don't know, but in about 1992, when the foundations for Zachary to become independent were laid, this was apparently not part of the "what if" scenario.
Another poster made a good point about shopping in Baker instead.
Also, there is 12 million dollars in Zachary's savings account. Wonder what EBRPSS has?
Another poster made a good point about shopping in Baker instead.
Also, there is 12 million dollars in Zachary's savings account. Wonder what EBRPSS has?
Posted on 12/30/14 at 11:01 am to LSUSUPERSTAR
quote:
How can the tax rate be so high yet they are still having money troubles?
Well they have had to build 3 whole new schools in the past 5 years, not even counting the new freshmen academy. Couple that with a significant poor population and a high homestead exemption. I pay $2K in property tax on a house assessed at roughly 200K.
This post was edited on 12/30/14 at 11:03 am
Posted on 12/30/14 at 11:03 am to LSUSUPERSTAR
quote:
~$5800 in property tax
Posted on 12/30/14 at 11:03 am to LSUSUPERSTAR
quote:
Posted by LSUSUPERSTAR
How can the tax rate be so high yet they are still having money troubles?
I currently live in a small ISD in DFW with 1 HS, 1 MS and 2 ES. We pay ~$5800 in property tax, 8% sales tax (with no tax on most groceries), and no state income tax.
Taxes are higher in La but not that much higher. Our household income is $100k and our house cost $190k. We pay 3000 in income taxes and 1500 in property taxes.
I'm assuming you have a more expensive home, but that $5800 in property taxes is no joke.
This post was edited on 12/30/14 at 11:04 am
Posted on 12/30/14 at 11:08 am to PiscesTiger
quote:At the end of its fiscal year this year the EBRSS had total reserves of $140.1 million and total "unassigned reserves" of $44.9 million, which is three times what its unassigned reserves were two years ago.
Also, there is 12 million dollars in Zachary's savings account. Wonder what EBRPSS has?
LINK
Posted on 12/30/14 at 11:13 am to LSUSUPERSTAR
quote:
Are they having problems with their school budgets? Since we have moved to Texas, I like have the smaller ISD model. It seems more efficient and most property taxes go to the ISD. I know that not everything is roses here, but cost of living and school system(s) seem better overall.
I think a lot of it has to do with changes Governor Jindal made to state workers/teachers health insurance in order to free up money to cover budget state deficits. Also the end of course and new PARCC assessments have forced school districts to pretty much purchase a computer for each student.
Posted on 12/30/14 at 11:16 am to Asgard Device
quote:
Our household income is $100k
quote:
We pay 3000 in income taxes
This post was edited on 12/30/14 at 11:17 am
Posted on 12/30/14 at 11:22 am to Asgard Device
Our household income is ~$140k and our house is taxed at a value of $211k (just reappraised to remove PMI at $240k).
Most of the taxes go to the ISD, with the other going to city, county, county college and county hospital. I would obviously like to pay less in taxes, but they seem to be not too bad.
Most of the taxes go to the ISD, with the other going to city, county, county college and county hospital. I would obviously like to pay less in taxes, but they seem to be not too bad.
Posted on 12/30/14 at 11:28 am to ell_13
quote:I'm pretty sure he's referencing state income taxes since all of the other taxes mentioned are either state or local. And $3,000 state income taxes on a total joint income of $100K with a home mortgage deduction sounds about right.
Our household income is $100k
quote:
We pay 3000 in income taxes
Posted on 12/30/14 at 11:29 am to LSURussian
Yeah, that makes much more sense. Thanks for clarifying.
Posted on 12/30/14 at 11:31 am to ell_13
quote:
quote:
We pay 3000 in income taxes
If that blows your mind it's actually more. I rounded down. I think it was closer to 3300. I paid around 3000 though because I purchased some tax credits from an acquaintance who is a broker.
Posted on 12/30/14 at 11:41 am to Asgard Device
quote:That's gonna piss off IB Freeman.....
I purchased some tax credits
Were they movie credits? I read that the going rate through a broker is around $.85 on the $1.00. Is that about right?
Posted on 12/30/14 at 11:41 am to LSUSUPERSTAR
quote:
Posted by LSUSUPERSTAR How can the tax rate be so high yet they are still having money troubles? I currently live in a small ISD in DFW with 1 HS, 1 MS and 2 ES. We pay ~$5800 in property tax, 8% sales tax (with no tax on most groceries), and no state income tax. When we moved from LA, we lived the last five years in Denham Springs but daughter went to Walker schools and the sales tax was 10% in the city of Walker.
Texas' school funding is so much more efficient than Louisiana's. You guys do not have a state income tax and the majority of your property tax dollars goes directly to your school system.
It doesn't work like that here. The state collects the majority of the taxes through income taxes and then distributes the money to each school district. Our property taxes are lower but a lower percentage of those taxes goes to schools so the school systems are forced to rely more on sales taxes.
That causes a lot of the budget issues because sales collections can and do swing dramatically from year to year causing budget deficits while property tax collections are much more stable.
This post was edited on 12/30/14 at 11:43 am
Posted on 12/30/14 at 11:45 am to LSUSUPERSTAR
quote:
Posted by LSUSUPERSTAR Our household income is ~$140k and our house is taxed at a value of $211k (just reappraised to remove PMI at $240k)
With your income to home value, you're coming out good. You'd owe $5700 in income taxes alone in La.
So many people I know in TX at your income level are living in $270k to $370k McMansions which equates to huge tax liabilities depending on which county and ISD you're in.
Know a guy in Austin that is knocking down $120k by himself but pays $10k in property taxes.
This post was edited on 12/30/14 at 11:50 am
Posted on 12/30/14 at 11:49 am to LSURussian
quote:
Were they movie credits? I read that the going rate through a broker is around $.85 on the $1.00. Is that about right?
I paid 90% face value. I doubt you can get them for 85% from a broker.
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