Consideration and Action on Setting the Proposed Tax Rate to be Published on the Notice of Public Hearing Description: The Board must approve a tax rate to be published, so as to post the Public Notice to Discuss the Budget and Proposed Tax Rate. That Notice must be published before August 14 if we intend to adopt those rates on August 24. We intend to publish this week and it will be in the paper

Staff Report & Agenda Item Details

6.B. Consideration and Action on Setting the Proposed Tax Rate to be Published on the Notice of Public Hearing Description: The Board must approve a tax rate to be published, so as to post the Public Notice to Discuss the Budget and Proposed Tax Rate. That Notice must be published before August 14 if we intend to adopt those rates on August 24. We intend to publish this week and it will be in the paper on Thursday, August 13, 2026. Our Maintenance and Operations Tax Rate which is also called our Maximum Compressed Rate (MCR)is set by TEA at .6254 with an additional 5 Golden Pennies which equals a rate of .6754. This is a decrease of approximately 1 cent compared to last year. A few things to consider on the I&S rate. Our payment is $2,427,225. We are basing our collections on a 99% rate. At that collection rate, .2300 will make the payment sufficiently. Property Values did go up 4% for M&O and down 1% for I&S.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 9.2/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).