H.2. Consider Proposed I&S Tax Rate Description: With changes enacted by the 89th Texas Legislature, if a district chooses to adopt a tax rate higher than the rate necessary to make the minimum required debt payment, approval requires a specific motion and a 60% supermajority vote of the Board, or five affirmative votes. Administration is requesting approval of a rate above the minimum required ra

Staff Report & Agenda Item Details

H.2. Consider Proposed I&S Tax Rate Description: With changes enacted by the 89th Texas Legislature, if a district chooses to adopt a tax rate higher than the rate necessary to make the minimum required debt payment, approval requires a specific motion and a 60% supermajority vote of the Board, or five affirmative votes. Administration is requesting approval of a rate above the minimum required rate in order to utilize additional revenue resulting from higher-than-anticipated certified property values. Administration recommends maintaining the I&S tax rate at $0.46, consistent with the rate adopted for the 2025 tax year. If approved, the additional revenue will allow the District to defease and redeem approximately $13 million in outstanding bond principal, resulting in savings to taxpayers through reduced future principal and interest obligations.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.0/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.