The district’s board of trustees approved the district’s tax rate of $1.2089 per $100 of assessed value during an Aug. 18 board meeting. This rate is just under a 3% reduction in taxes for the CISD community, Chief of Business Resources Melissa Kelly said.
Last year’s rate, which was approved by voters last November in a tax rate election, was $1.2358 per $100 valuation.
More details
The tax rate is split between two funds.
- The maintenance and operations rate covers the district’s operational expenses, such as payroll and other day-to-day costs. This rate is $0.7389 per $100 valuation.
- The debt service, sometimes called interest and sinking, rate goes toward paying a district’s principal and interest on debts. The district’s debt service rate is $0.47 per $100 valuation.
CISD officials adopted a total budget of $104.14 million for the 2025-26 school year in June.
Here is a breakdown of the total $104.14 million budget:
- $70.9 million for the general fund
- $2.70 million for the food service budget
- $30.54 million in the debt service budget
