Stay informed about the latest local news in Cy-Fair, including CFISD, Harris County news, Jersey Village updates and other business and development news affecting your community.
Patrick Jankowski from the Greater Houston Partnership provided an update on the economic status of the Houston metro and provided insight into recent claims of impending recession.
Developers in the Cy-Fair area have seen an increase in demand for multifamily housing as single-family homes are quickly taken off of the market. Real estate experts said apartment complexes have taken advantage of this opportunity and increased rent prices, which is starting to impact the pocketbooks of renters.
Every fall, taxing entities across Texas plan their budgets for the coming fiscal year, a process that involves setting the tax rate based on how much money staff thinks the entity will need. A new state law going into effect Jan. 1 has complicated the process for cities, counties and taxing districts this year.
The city of Jersey Village plans to embark on several major capital projects over the next few years that city officials said are intended to refresh the city’s look and boost its reputation.
With Harris County commissioners poised to adopt the first tax rate increase the county has seen since 1996, court Democrats and Republicans remained at odds following the first public hearing on the proposed increase Sept. 20. In the wake of Tropical Depression Imelda, disaster recovery was also at the top of mind for people on both sides of the debate.
Correction: The original version of this post stated the maintenance and operations rate was $1.44 in 2018-19 and has since been updated to reflect the M&O rate was $1.04.
Correction: An earlier version of the "Top Tax Rates" graphic listed tax rates in reverse order. The graphic has been updated with the correct tax rates for each year.
Editor's note: This post has been updated to clarify the 8.25% sales tax charge refers to the state and local charges.
Cy-Fair ISD’s board of trustees officially adopted a $992.3 million budget for the 2019-20 fiscal year Thursday, June 27. The budget includes a $27.5 million deficit, according to the district’s incoming Chief Financial Officer Karen Smith.
After weeks of conversations between the Texas House and Senate, lawmakers reached a compromise on an $11.6 billion plan that will change the way public school districts, including Cy-Fair ISD, are funded statewide.
Correction: An earlier version of this story listed rental rates as per square foot per month. The actual rates are per square foot per year.
As state Legislature works to reform school finance, Cy-Fair ISD could adopt another deficit budget in 2019-20
Based on preliminary estimates, Cy-Fair ISD officials plan to adopt a $990 million budget next month for the 2019-20 fiscal year, including a $4 million budget deficit.
As hurricane season approaches in Texas, state Comptroller Glenn Hegar announced a statewide sales tax holiday this weekend, April 27-29, on emergency preparedness supplies.
Craft breweries throughout Texas are restricted from selling their products for off-premises consumption as part of a law many in the industry describe as outdated and unfair, but a pair of bills introduced to the state Legislature this year could make substantial changes.
Following two years of recovery in 2017 and 2018, job growth in Houston is expected to level off and remain stable for 2019, said Patrick Jankowski, senior vice president of research at the Greater Houston Partnership. Houston will see an increase of 71,000 jobs this year compared to 73,000 last year, Jankowski said.
Correction: A previous version of this article incorrectly stated the homestead exemption currently offered in Jersey Village is 7 percent. The actual homestead exemption in Jersey Village is 8 percent.
The Greater Houston Partnership projects less than 2,000 of the region’s 71,000 new jobs expected to be added in 2019 will come from the oil and gas sector after seeing little job creation in the last year.
Voters living in Cy-Fair ISD’s boundaries can expect to see a $1.76 billion bond referendum on the ballot May 4. If the plan passes, it would be the district’s largest bond package to date.
Home Depot has leased 770,640 square feet of warehouse space at the Grand National Business Park, a master-planned development being planned on a 106-acre tract at the southeast corner of Gessner Road and Beltway 8, west of the Sam Houston Race Park.
The Cy-Fair ISD board of trustees unanimously adopted an order Monday, Feb. 11, calling a bond election May 4 for a $1.762 billion bond referendum.
Representatives from Cy-Fair ISD’s long-range planning committee presented their final recommendation for a potential $1.762 billion bond referendum Feb. 4 to the board of trustees. The total was broken down into the following categories: