Moody ISD Tax Ratification Election (TRE) passes with overwhelming support! Moody ISD Receives Superior Rating in Financial Accountability!

posted on August 14 - 08:40 AM
By Josh - TexasISD.com
 

Friends of Moody ISD,
We appreciate the overwhelming support and trust the voters showed our School Board and Staff in the recent Tax Ratification Election. Moody ISD students were the ultimate winners on Saturday August 11, 2018!  The district will now continue moving forward with our current District Initiatives:

  • Continue improving salaries to recruit and retain quality teachers and staff
  • Continue improving safety initiatives throughout the district.
  • Continue improving our transportation fleet.
  • Continue our Vision for Post-Secondary readiness that gives every Moody High School student the opportunity to graduate with an Associates Degree: Beginning in 2018-2019, we will direct students to follow one of two Course Sequences: Sequence A - Designed for students to earn as many college credit hours as is appropriate, based on their plans upon high school graduation, terminating in a 60 hour Associate’s Degree from McLennan Community College. Sequence B - Designed for students who do not wish to earn college credit hours.  These students will focus on career-related knowledge and skills.

 Approval of the Tax ratification allows the Moody ISD board to raise the maintenance and operation tax rate .13 cents, from $1.04 per $100 of property valuation to $1.17. The board will in turn lower the debt service rate by .13 cents from .32 to .19 cents per $100 of property valuation which will keep the Districts total tax rate at $1.36 per $100 of property value. This change in the tax structure will help the district receive approximately $450,000.00 more dollars in state aid for the 18-19 budget
 without a tax rate increase.


Moody ISD receives the highest rating in Financial Accountability "SUPERIOR"! 
The Texas Education Agency (TEA) released preliminary financial accountability ratings on August 8, 2018 for more than 1,100 school districts and charters across the state, with 80 percent earning the highest preliminary rating possible for 2017-2018. Created by the 77th Texas Legislature in 2001, the School Financial Integrity Rating System of Texas (FIRST) is designed to encourage public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes. The FIRST ratings are calculated using 15 financial indicators, such as administrative cost expenditures; the accuracy of a district or charter’s financial information submitted to TEA; and any financial vulnerabilities or material weaknesses in internal controls as determined by an external auditor.