The New Braunfels ISD board of trustees approved the proposed property tax rate for fiscal year 2020-21 at roughly $0.07 less than the previous year.

The decision came during the board’s Aug. 17 meeting. Ahead of the Oct. 1 start of the fiscal year, NBISD maintained the debt service tax rate of $0.3258 per $100 valuation and decreased the maintenance and operations tax rate to $0.8975 per $100 valuation.

The total tax rate for the coming year will be $1.2233 per $100 valuation, which is $0.0725 less than the current rate.

The board previously adopted the fiscal year 2020-21 budget June 29, which included anticipated local, state and federal revenue of $104.23 million and $104.09 million in the operating budget.