College Station ISD trustees approved a $2.1 million insurance renewal and an agreement related to state attendance credits during the district’s Aug. 25 meeting. (Karley Cross/Community Impact)
College Station ISD trustees approved a $2.1 million insurance renewal and an agreement related to state attendance credits during the district’s Aug. 25 meeting.
What you need to know
The district’s 2026-27 insurance renewal will cost $2.1 million, according to agenda material and CFO Heather Wilson. This amount is roughly $333,487 less than the expiring policy despite an increase in the amount of property covered.
The new policy, which runs Sept. 1 through Aug. 31, 2027, covers property, general liability, auto, school leaders, underground storage tanks and crime and fidelity. The district also added active-assailant coverage.
By the numbers
College Station ISD’s total insured property value increased by about $30.1 million to roughly $664.3 million.
The commercial property insurance premium decreased by about 21.1%, which Wilson said helped drive the overall savings.
Auto insurance costs increased by about $65,400, largely because of changes to the district’s vehicle schedule.
Eleven buses were removed from the schedule, while 14 buses and four private vehicles were added.
Additional savings are expected once buses currently being auctioned are removed from the district’s coverage.
Trustees unanimously approved the renewal.
In similar news
Trustees also approved an agreement allowing the district to use state funding to offset potential recapture obligations for the 2026-27 school year.
Wilson said the Texas Education Agency, or TEA, notified College Station ISD its estimated local revenue per penny of tax effort exceeds the state’s guaranteed yield for certain Tier 2 funding.
Based on current estimates, however, CSISD is not expected to owe a recapture payment for the 2026-27 school year. The final determination will depend on the district’s actual enrollment, attendance, property values, tax rate and tax collections.
Wilson said the district chose a “netting” option, which allows state aid to offset the amount of local revenue subject to the attendance-credit calculation.
Trustees approved an agreement Aug. 25, allowing the district to use state funding to offset potential recapture obligations for the 2026-27 school year. (Courtesy College Station ISD)
The district’s current status could change after TEA completes its final calculations following the school year.
