Clear Creek ISD adopts 2020-21 tax rate

The adopted rate is the lowest possible rate the district can approve without being penalized by the state while also allowing for full funding, based on the formula used to calculate tax rates. (Courtesy Pexels)
The adopted rate is the lowest possible rate the district can approve without being penalized by the state while also allowing for full funding, based on the formula used to calculate tax rates. (Courtesy Pexels)

The adopted rate is the lowest possible rate the district can approve without being penalized by the state while also allowing for full funding, based on the formula used to calculate tax rates. (Courtesy Pexels)

Clear Creek ISD’s board of trustees approved the district’s fiscal year 2020-21 tax rate, an approximately five-cent decrease from FY 2019-20, during a regular board meeting Sept. 28.

The adopted tax rate is $1.2659 per $100 valuation, which consists of two components: the maintenance and operation tax rate of $.9359 and the interest and sinking tax rate of $0.33.

The rate exceeds the no-new-revenue tax rate of $1.22. The adopted rate is the lowest possible rate the district can approve without being penalized by the state while also allowing for full funding, based on the formula used to calculate tax rates, said Paul McLarty, deputy superintendent of business and support services, during the meeting. Unlike with a government municipality, the district does not keep all of the funds raised through taxes, officials said.

In 2019, the approved rate was the lowest the district had seen in 27 years. In the last two years alone, the tax rate has decreased by $0.1341. This year, the maintenance and operation tax rate decreased by 3.41 cents due to House Bill 3, McLarty said.

The tax rate has been steady at $1.40 per $100 valuation since FY 2013-14, but the rate dropped to $1.31 per $100 valuation for FY 2019-20, mostly due to House Bill 3. The rate included a $0.97 rate for maintenance and operations and a $0.34 rate for debt service.


The board of trustees approved the district’s FY 2020-21 budget, which is projected to be $9.2 million higher than the budget in FY 2019-20, at its regular meeting Aug. 24. About $0.63 of every dollar in the budget goes directly to classroom instruction, officials said Aug. 24. In all, 51 full-time positions were added to the budget for FY 2020-21.

The total general operating fund is $370.5 million. McLarty said Sept. 28 the state is providing the district with less funding this year, while local funding is increasing.

The board also authorized an order Sept. 28 allowing the district’s financial adviser to refund more than $114 million word of bond money. The series 2012 bonds can be refunded, delivered and closed in mid-November, according to information presented at the meeting.

Based on current estimated rates, there is an estimated savings of almost $9.9 million in future debt service payments if these bonds are refunded. Authorization of the order will allow the financial adviser to refund these bonds at the most favorable time to achieve maximum savings to the district.

By Colleen Ferguson
A native central New Yorker, Colleen Ferguson worked as an editorial intern with the Cy-Fair and Lake Houston | Humble | Kingwood editions of Community Impact before joining the Bay Area team in 2020. Colleen graduated from Syracuse University in 2019, where she worked for the campus's independent student newspaper The Daily Orange, with a degree in Newspaper and Online Journalism from the S.I. Newhouse School of Public Communications and a degree in Spanish language and culture. Colleen previously interned with The Journal News/lohud, where she covered the commute in the greater New York City area.

<

MOST RECENT

The new Macaroni penguin chicks at Moody Gardens can be seen virtually through the Penguin Webcam, according to a media release. (Courtesy of Moody Gardens)
IMPACTS ROUNDUP: 3 new Bay Area businesses, plus penguins at Moody Gardens

Here is a roundup of local business news in the Bay Area.

Downtown Houston Streetscape at dusk
Mayor Sylvester Turner considering curfew as 'last resort' to curb bar and club crowding

Houston fire chief Sam Peña, whose department is responsible for monitoring occupancy violations, said fire marshals have responded to over 20,000 complaints since March 18.

College of the Mainland unveiled its new League City location Nov. 12. (Courtesy College of the Mainland)
College of the Mainland, San Jacinto College leaders talk community college education amid COVID-19

Leaders from both institutions detailed how the educational experience at their respective colleges has been adapted to meet the challenges of the pandemic.

(Courtesy Pat Hallisey)
League City officials: Mayor on the mend from COVID-19

League City Mayor Pat Hallisey, who tested positive for COVID-19 nearly two weeks ago Nov. 17, is on the mend, City Manager John Baumgartner said.

Texas Gov. Greg Abbott announced a COVID-19 vaccine distribution plan for the state Nov. 23 for a vaccine he said could be available as soon as December. (Courtesy Adobe Stock)
Number of daily new COVID-19 cases in Galveston County up nearly 300% since late October

A total of 14,465 county residents have tested positive for the coronavirus since mid-March; of the total cases, 89% are considered to have recovered.A total of 14,465 county residents have tested positive for the coronavirus since mid-March; of the total cases, 89% are considered to have recovered.

Dozens of clinics throughout the county offer COVID-19 testing services. (William C. Wadsack/Community Impact Newspaper)
COVID-19 testing locations remain open in Montgomery County and more local news

Read the latest Houston-area business and community news.

Heading into Thanksgiving, Texas Medical Center continues to report uptick in hospitalizations

The total number of COVID-19 patients hospitalized at Texas Medical Center facilities has increased by more than 50% over two weeks.

The Harris County Justice Administration Department is working to release final reports and launch pilot programs in early 2021. (Courtesy Fotolia)
Harris County Justice Administration Department makes headway on countywide criminal justice studies

The department is working to release the final versions of several studies and launch pilot programs with local law enforcement groups in early 2021.

Adelaide's sells items from local brands whenever possible, such as kits from The Heights-based My Drink Bomb. (Colleen Ferguson/Community Impact Newspaper)
Adelaide's Boutique stores strive to be ‘first-stop’ shops for gifts

The Adelaide’s Boutique locations—14870 Space Center Blvd., Houston, and 6011 W. Main St., League City—are meant to serve as customers’ destinations for clothes, shoes, accessories, gifts and other boutique items, many of which are locally sourced.

Texas Gov. Greg Abbott announced a COVID-19 vaccine distribution plan for the state Nov. 23 for a vaccine he said could be available as soon as December. (Courtesy Adobe Stock)
Texas Gov. Greg Abbott announces COVID-19 vaccine distribution plan

The vaccine could start being distributed "as early as next month," according to a Nov. 23 news release.