What you need to know
The tax rate for FY 2025-26 is $1.0912 per $100 valuation, which is the same as FY 2024-25's rate.
An Aug. 19 news release from MISD said the district’s tax rate is made up of two parts:
- $0.3743 per $100 valuation for the interest and sinking tax rate, which is used to pay off debt from voter-approved facilities
- $0.7169 per $100 valuation for the maintenance and operations tax rate, which funds the general operations of MISD, including teacher salaries and classroom instruction
The FY 2025-26 tax rate approval comes almost a year after voters approved MISD’s voter-approval tax rate election to secure $5.5 million in additional revenue for the district.
MISD’s board of trustees also recently approved a $104.9 million balanced budget for FY 2025-26 at its June 24 meeting.
“Thanks to the support of our community in passing Proposition A, we’ve been able to directly invest those funds into maintaining a balanced budget, supporting our people and strengthening support for students in our classrooms,” MISD Superintendent Mark Ruffin said in the release. “Keeping the tax rate stable while providing the resources our schools need demonstrates our commitment to both fiscal responsibility and student success.”
