RED OAK — Members of the Red Oak ISD Board of Trustees considered an application for property tax credit by Triumph Aerostructures at its Monday meeting.
The application is for school district maintenance and operations taxes paid on the portion more than the value limit during two consecutive tax years of the qualifying period.
During her presentation, ROISD Chief Financial Officer Vickie Benbow gave the trustees a financial impact report and noted that Triumph had met the qualifications.
The trustees had to, by official action, determine whether the company was eligible for a tax credit. The resolution sets forth the criteria and calculations for issuing the tax refund to the company and is a one-time occurrence.
The next step for the school board is to subsequently apply annually with TEA before May 31 for reimbursement from the state for the tax credit the school district has approved and granted.
The total tax credit applied for is $848,106 for the two-year credit period.
Based upon prior experience with TEA, the reimbursement will not occur until the final foundation payment for the 2017-2018 school year in August 2018. The 2017 credit payment for Triumph Aerostructures will be for one-seventh of the total credit earned, or $121,158.05.
Other action items considered during the board’s regular session were three policy changes to Texas Association School Board Policies.
Introducing the thee change request was ROISD Director of Research and Accountability Tim Day.
The first was a request to make a change to the TASB (Local) policy for technology resources, more specifically a change to allow digital signatures.
“The digital signatures would be used for progress notices and report cards,” Day said.
Days request was unanimously approved.
The second request was to change the attendance for credit section.
“This change to the local policy is to be in accordance with the District’s innovation plan,” Day said. “The requirement of the student may be assessed a tuition charge as established by the district."
The last change request was to the provision regarding student rights and responsibilities — student expression, namely on graduation day and serving as a class speaker. Day explained the current policy limits the scope that restricts a student from speaking — such as being placed in the alternative education program or expelled — to an incident that occurs during the semester preceding graduation. Day, though, asked for that timeframe to be expanded to the entire senior year.
The request was unanimously approved.
Several recognitions were awarded at the beginning of the meeting by ROISD Superintendent Dr. Michael Goddard, who began with the recognition of the district’s principals.
“This is National Principal Month,” said Goddard as he introduced each of the district's principals and presented them with a certificate of appreciation.
Red Oak High School Dr. Miller Beaird then introduced the 2018 National Merit Scholarship Program Semi-Finalist and Commended finalist.
Red Oak Senior Sara Bannister was recognized as the National Merit Finalist and Ellen Cowden was the commended finalist.
Several members of the Red Oak Hawk High School Band were recognized for achieving the Mark of Excellence in the National Wind Ensemble Honors Band – National winners.