Meanwhile, officials expect the tax rate to remain the same as FY 2024-25—$0.9690 per $100 valuation of a home—documents show.
The updated budget discussion was presented to the board of trustees at its Aug. 11 workshop.
Latest update
The district is projecting $429.3 million in expenses and $414.7 million in revenue, along with $2.1 million in other sources, landing the projected shortfall at $12.5 million, according to district budget documents.
At its previous budget discussion July 14, the district projected a $13.5 million shortfall, which included $1 million in expenses due to a potential freeze in the district’s title funds.
Since then, the Texas Education Agency released those funds for the district to use for FY 2025-26, CCISD’s Chief Financial Officer Alice Benzaia said at the workshop.
The budget projections represent an unchanged tax rate since 2024-25. This proposed rate will remain at $0.9690 per $100 valuation of a home, according to district documents.
With the rate, the taxes due from an average resident would be nearly $2,140—a $350 decrease from last year’s value of about $2,490, according to district documents.
This rate is with an average residential market value of nearly $406,500. Last year’s value was just over $397,000, according to district documents.
The last day to prepare the budget is Aug. 20, Benzaia said.
Benzaia added that budget projections presented at the Aug. 11 workshop will be the proposed budget, which will be up for adoption at the board’s Aug. 25 meeting.
After that, the board will adopt the tax rate at its Sept. 22 board meeting.
