Frisco ISD's newly approved tax rate for fiscal year 2020-21 marks a tax rate decrease for the third year in a row. "This is the lowest tax rate we've had in at least the 20-year history that I've had available to me since 2017," district Chief Financial Officer Kimberly Smith said at a Sept. 28 board meeting. view article arw

The Port Arthur Independent School District is gearing up for another showdown with Motiva over disputed property tax valuations — just as the board of trustees votes to make a final payment to the company from a past dispute that began in 2018.  “It just gets us in preparation for the next lawsuit that is already out there,” Phyllis Geans, PAISD assistant superintendent for business & finance and chief financial officer, told The Enterprise. “They received this refund from the disputed property in 2018 … and in 2019 they didn’t get a refund; they just didn’t pay the taxes.”    (28) view article arw

Enrollment at Coppell ISD is down 2% from forecasts at the end of the 2019-20 school year.   Kristen Streeter, the district’s assistant superintendent of administrative services, told the Coppell ISD Board of Trustees on Monday that enrollment came in at 13,041 to start the 2020 school year. While this is more than the 12,992 that started the 2019 school year, it is down from the 13,322 that ended the 2019-20 school year.  view article arw

The Coppell ISD (CISD) Board of Trustees on Monday approved a tax rate of $1.31 for every $100 of valuation – a decline of more than two pennies from the prior year. CISD’s maintenance and operations rate fell 1.69 pennies to $1.051 per $100 of valuation, and the debt services rate fell 0.4 pennies to $0.2586 for every $100 of valuation. During the Board’s August meeting, Diana Sircar, CISD’s chief financial officer, projected revenue for the 2020-21 school year to be $154 million and expenses surpassing $161 million, resulting in a possible deficit of $7.2 million.  view article arw

Two of the largest Hidalgo County school districts announced plans to lower taxes for the 2020-21 school year this week.  Pharr-San Juan-Alamo ISD and McAllen ISD released statements touting the decreases at the respective school districts.  At PSJA, the board of trustees voted to decrease the tax rate for the school year by half a cent during Monday’s board meeting.   view article arw

The Klein ISD board of trustees met Sept. 14 to discuss its fiscal year 2020-21 proposed tax rate of $1.3373 per $100 valuation. This is a $0.0227 decrease from the FY 2019-20 tax rate of $1.36. The board did not discuss the rate during the public portion of the board meeting but did unanimously set a public meeting for Oct. 13 at 6 p.m. to further discuss the tax rate. view article arw

You could have knocked us over with a feather, but it really did happen. The Dallas City Council voted in near unanimity to lower the property tax rate Wednesday.  Don’t get too excited. The vote was basically symbolic. It lowered the rate by a whopping 0.01 cent, from 77.66 cents per $100 in property value to 77.65 cents. The grand savings to the taxpayers will be about $150,000.  Each of us can enjoy a fraction of a french fry off what City Hall might return to our pockets. view article arw

Cy-Fair ISD board members will decide Monday, Sept. 14, whether to decrease the tax rate from last year’s $1.37 per $100 valuation to $1.3555 per $100 valuation for fiscal year 2020-21 as recommended by the district’s finance team. view article arw

JEFFERSON — Jefferson ISD trustees recently adopted a reduced tax rate for the 2020-21 fiscal school year and saw an increase in enrollment.  Jefferson ISD Superintendent Rob Barnwell on Tuesday told trustees the district’s enrollment has increased slightly and is expected to continue rising before the Texas Education Agency’s official Snapshot Day enrollment reporting in October.  “We were at 1,215 students and we increased slightly to 1,221 and we usually see that number rise after Labor Day, which will obviously have budgetary implications,” Barnwell said.  Trustees at the previous meeting also adopted a reduced total tax rate of $1.0494 per $100 of home valuation, which is down from last year’s total tax rate of $1.0558 per $100 of home valuation. view article arw

SAN BENITO — From tax rates to athletic-related matters, the leaders of this school district recently took action on different topics.  The San Benito CISD Board of Trustees discussed and approved a variety of items during a meeting held Tuesday.  The board approved a resolution authorizing the setting of the 2020 ad valorem school taxes. view article arw

In addition, Tesla is receiving $61 million in tax breaks from Travis County and the Del Valle Independent School District under a 10-year economic incentive plan.  “Tesla is one of the most exciting and innovative companies in the world, and we are proud to welcome its team to the State of Texas,” Gov. Greg Abbott said in a statement.  Giga Texas, as Tesla has named the plant, is rising on 2,100 acres at State Highway 130 and Harold Green Road near Austin National Airport. It will be the company’s fifth manufacturing plant and the company’s largest. It also will feature a public park, a first for Tesla. view article arw

San Diego I.S.D. Board of Trustees met on Wednesday, August 26, 2020 to discuss the Proposed Tax Rate for San Diego I.S.D. residents. The current 2019 tax rate was a total of $1.34. The breakdown of that tax rate was $0.97 for the Maintenance & Operations tax rate and $0.37 for the Interest & Sinking tax rate. The Board of Trustees adopted a 2020 tax rate of $1.28. This tax rate is a $0.06 decrease from the previous year. This is great news for the residents of San Diego I.S.D. since the district recently held a bond election on May 2, 2020 and proposed to the public a $0.03 increase in the tax rate. Since property values increased for the district, San Diego I.S.D. is able to meet all obligations for debts and payments with the new adopted tax rate. view article arw

Arlington ISD will ask voters in November to OK a property tax rate hike of almost 9 cents per $100 of assessed value, as the school board has called for the first voter-approval tax rate election in the district’s history. If voters approve, the district would be able to access about $56 million in new revenue annually, including $18 million in state funding, according to a news release sent Friday. It would use the money to increase teacher and staff salaries — making the district more competitive with better-paying area districts — and invest in instructional programs. view article arw

The property tax rate for Leander ISD has been lowered for another year. In a 6-1 vote, the LISD board of trustees approved a property tax rate of $1.4184 per $100 valuation. The rate includes $0.9534 for the maintenance and operations fund and $0.465 for the interest and sinking fund. view article arw

Corsicana ISD adopts tax rate

August 3108:40 AM
 

The Corsicana ISD Trustees met Monday, Aug. 24 to adopt the 2020-2021 tax rate and budget. Trustees were also updated on COVID-19 procedures.  Navarro Elementary Principal Tim Betts and Corsicana High School Principal Sean Kays addressed plans for the upcoming school year. Lessening traffic in common areas, maintaining social distancing, sanitizing classrooms, and relocation in event of coronavirus exposure, were among the topics discussed.  Kays said class sizes of 16 are doable while maintaining a six-foot distance, but class size remains a concern when configuring the master schedule, noting the lack of flexibility for some students needing specific classes. view article arw

The Arlington school district is asking voters to approve a property tax rate increase of 8.84 cents per $100 of property value, the district announced in a news release on Friday evening. This property tax increase would mean the property tax bill on the average house, appraised at $208,985, would increase by $162.73 annually.  If approved, the district expects the tax rate increase to raise an additional $56 million annually, according to a news release from the district. view article arw

The Waco Independent School District Board of Trustees voted unanimously this week to lower the district’s tax rate, although that decrease will not translate into savings for the average homeowner, finance officials said. Increasing property values likely will negate any savings the tax rates may have provided, according to school finance officials and preliminary property value estimates from the McLennan County Appraisal District. view article arw

The 2019 Legislature made an important commitment to improving funding for our public schools. But the disruptions caused by COVID-19 have imposed unexpected new costs on our schools, as they arrange to either carry out in-person teaching safely or set up for online classes accessible by all their students. The pandemic has also reduced expectations for future state revenue and had unpredictable effects on school property tax valuations. view article arw

The Tyler ISD Board of Trustees is expected to lower the district’s property tax rate by three cents on Monday evening.  The school board will hold a public hearing for its 2020-21 proposed tax rate and budget at 7 p.m. Monday during its regular board meeting at the Plyler Instructional Complex.  Chief Financial Officer Tosha Bjork said the general fund budget is about $166.7 million, which is a 2.8% increase over the 2019-20 budget. Payroll makes up 81% of the total budget. view article arw

LINDALE, Texas (KETK) – The Lindale ISD Board of Trustees has voted to lower the property tax rate at a special meeting Thursday evening.  Property tax rates will be lowered by 10 cents. This is the fifth time LISD Board of Trustees have lowered the tax rate since 2011.  “The Lindale ISD Board of Trustees have cut the tax rate again,” said Superintendent, Stan Surratt. “But, this time, it might be the biggest tax rate reduction ever.” view article arw

It will be up to Eanes voters in November to decide whether the school district will be allowed to swap out two pennies in its tax rate in an attempt to keep more money local.The school board on Tuesday approved the tax rate of $1.1164 per $100 of valuation, which triggered the need to call for a voter-approval tax rate election on Nov. 3.A district's property tax rate consists of a maintenance and operations rate — the rate that supports the general fund budget [...] view article arw

The College Station ISD Board of Trustees met and approved the 2020-2021 budget, including the tax rate, during Tuesday night’s meeting. The budget was approved unanimously, meaning the district will get a “golden penny” in the maintenance and operations tax rate. That will add an additional $1.6 million in revenue to the budget. The tax rate is now $1.229 per $100 valuation, compared to last year’s, which was at $1.239 per $100. view article arw

Facing a potential $2.994 million budget deficit for the 2020-21 school year, Eanes ISD will move forward with a tax rate election that, if passed, would generate an additional $3.3 million in funding without raising taxes. Trustees approved a total tax rate of $1.1164 per $100 valuation during an Aug. 17 virtual board meeting, a decrease from the previous year’s rate of $1.13 per $100 valuation. view article arw

The New Caney ISD board of trustees held a public hearing Aug. 17 on its proposed 2020-21 budget and tax rate of $1.4761. The current proposed budget has the district collecting $198.99 million in revenue from local, state and federal sources. For expenditures, the district plans to spend $200.28 million, leaving a budget shortfall of $1.29 million. However, Brandy Chelette, the district's executive director of business and financial services, said this shortfall is planned for and will help “bring down the debt service fund.” view article arw

Georgetown ISD trustees voted to adopt a lower tax rate in the 2020-21 tax year. The board voted unanimously Aug. 17 to adopt a tax rate of $1.3071 per $100 in valuation. The rate will be down $0.0319 from 2019-20, when it was $1.339 per $100 of taxable value. view article arw

At their meeting this evening, the Greenville ISD Board of Trustees plan to adopt a tax rate for the district for 2020-21.  At a rate of $1.17 for every $100 that a property is worth, GISD’s proposed rate is 6 cents lower than its current rate of $1.23 per $100 valuation.  The proposed rate of $1.17 is also equal to the district’s “no-new-revenue rate” (a new term for “effective rate”). The no-new-revenue rate is where it would need to be set to generate the same amount of revenue as the previous year.  The 6 cent reduction GISD’s tax rate came off of the district’s maintenance and operations (M&O) rate, which is proposed at 93 cents per $100 valuation for 2020-21 versus the 99 cents it was set at in 2019-20. Meanwhile, the district’s proposed interest and sinking rate (I&S) remains the same at 23.85 cents.  For a taxing entity, the M&O rate is set to cover standard, recurring costs while funds from the I&S tax rate are used for bond debt repayment. view article arw

It'll be more than a 2-cent decrease in the tax rate for Wylie Independent School District residents, but it won't mean a tax decrease.  Superintendent Joey Light said the district will seek to collect $1.17 per $100 assessed value the upcoming fiscal year, which starts Sept. 1.  Approval of the rate, along with the proposed $42.2 million balanced spending and revenue plans, is scheduled for Aug. 24.  The rate decrease, though, is met with property value increase, which could result in homeowners paying more property taxes. view article arw

For the second straight year, Forney ISD is proposing a reduced tax rate for residents living within the Forney ISD school boundaries. Last year, the school board reduced the rate by 7 cents, and this year the district is proposing to drop by an additional 9.5 cents. view article arw

VICTORIA, Texas– Victoria I.S.D. discussed property tax rate for the 2020 and 2021 school year at the school board meeting. Inside the V.I.S.D. School Board meeting, they explained the proposed property tax rates for 2020 and 2021. view article arw

Local governments in Texas finish their spending plans and set their tax rates in August, an annual exercise that includes some hot topics in this pandemic year, like police spending, public schools and property taxes.  Property valuations in Texas are supposed to be complete now that the July deadline has passed. The next step is as hard as arguing over what a house is worth, as cities, counties, school districts and all those other local governments set their budgets and their tax rates.  That happens in public hearings, perhaps held in person at a time when many gatherings have moved to the tiny online boxes of Zoom, Meet, Team, Webex and other services most of us hadn’t heard of six months ago.    (03) view article arw

Texas collected $2.98 billion in sales tax revenue in July — 4.3% more than in July 2019. Comptroller Glenn Hegar said the number was "better than expected."  For the first time in months, Texas’ sales tax revenue increased when compared with the same period last year despite the ongoing coronavirus pandemic, Comptroller Glenn Hegar said Monday. Texas collected $2.98 billion in sales tax revenue in July — 4.3% more than in July 2019. That revenue, which mainly reflects purchases made in June, was “better than expected, despite the high unemployment due to the pandemic,” Hegar said in a statement. view article arw

The Katy Independent School District Board of Trustees studied the proposed 2020-21 budget at its meeting on Monday, July 28. Property taxes are expected to decrease.  Chief Financial Officer Christopher J. Smith said the budget goals include having a balanced budget, offering competitive salaries and health care and keeping the safety of students and staff members a high priority. He added that the district will be opening two new schools next month, McElwain Elementary and Jordan High School, with Junior High No. 17 on the horizon for 2021-2022. view article arw

BRYAN, Texas (KBTX) - During Monday’s Board of Trustees meeting, the Bryan Independent School District released a plan on how it will operate for the 2020-2021 school year.  In a virtual meeting, BISD rolled out what they believe is the best-case scenario for how the district will operate in this upcoming school year. A big part of that depends on the three different learning options the district has provided parents to choose for their child(ren).  Topics regarding attendance, safety, athletics, fine arts, transportation, and how each school division are addressed in the plan. view article arw

Officials from Del Valle ISD are weighing the benefits of a tax incentives deal that would encourage electric automaker Tesla to establish a presence in Southeast Travis County in exchange for academic and career training partnerships for the district.  Tesla has identified a 2,100-acre site along the Colorado River as a potential location for its next gigafactory, where the company’s new Cybertruck and other vehicle models would be produced. While Tesla simultaneously eyes the Tusla, Okla. area, Travis County and DVISD could propose incentive agreements that would soften the impact of Texas’ comparatively high property tax rates. Without such incentives, Tesla representatives have said a factory in Texas would not be economically feasible.    (30) view article arw

Texas makes mess of taxes

May 1607:45 AM
 

Count on the Texas Legislature to come up with a painfully complicated and inefficient way to repeal a painfully complicated and inefficient tax. Lawmakers deserve praise for targeting the Texas Franchise Tax, but their methods are unsound. The franchise tax, also called the margins or business tax, ranks consistently as one of the worst taxes anywhere in the country. It was the convoluted response to the Texas Supreme Court declaring the public school finance system unconstitutional. Lawmakers had to lower property taxes to comply with the court order, so to find replacement funds they rewrote the franchise tax, what businesses pay for the privilege to operate in our great state. view article arw