The Commerce Journal

August 22, 2013

CISD feels weight of Covidien loss

By Joseph Hamrick
The Commerce Journal

COMMERCE — It has affected the Hunt County Commissioners Court and the Commerce  City Council’s budget.

Now it is Commerce Independent School District’s turn to deal with the impact the loss of Covidien will have on next year’s district budget.

The Hunt County appraisal rolls for CISD are down by approximately $8 million, with a significant portion coming from the removal of taxable equipment from the facility.

CISD Director of Finance John Walker said the district lost some in the land value but was up in other areas.

“Our biggest reduction is in non-real,” he said. “It was an over $10 million reduction from last year to this year.”

According to CISD Superintendent Blake Cooper, there is a bright side to the budget.

“One positive thing is we have several houses and apartments being built,” he said.

Once built, the properties would be added to the tax rolls for next year’s budget.