Cy-Fair ISD board approves FY 2018-19 tax rate, moves forward on next phase of bond projects

Cy-Fair ISD adopted a budget for the 2018-19 school year at a June 14 meeting.

Cy-Fair ISD adopted a budget for the 2018-19 school year at a June 14 meeting.

Cy-Fair ISD’s board of trustees unanimously approved Monday night the tax rate for fiscal year 2018-19—which remains unchanged from the previous year at $1.44 per $100 valuation—to support the operating and debt service budgets adopted in June.

While this year’s maintenance and operations, or M&O, tax rate will increase 2 cents to $1.06 per $100 valuation, the interest and sinking, or I&S, rate will drop 2 cents to $0.38 per $100 valuation.

A provision laid out in the Texas Tax Code allows school districts to conduct a tax rate swap in the year immediately following a natural disaster without holding a tax ratification election. Chief Financial Officer Stuart Snow said in June the move helped bring an estimated $40 million deficit down to about $12.6 million.

The board also unanimously approved construction proposals Monday night for three district projects from the $1.2 billion bond passed in May 2014:

  • Middle School No. 19 is slated to open in time for the 2020-21 school year at the Cypress Park High School educational village, 7425 Westgreen Blvd., Cypress. Satterfield & Pontikes Construction, Inc. was awarded the $58.3 million contract.

  • A nearly $15.9 million contract was awarded to ICI Construction Inc., for the repurposing and renovation of the former Matzke Elementary School site, located at 13102 Jones Road, Houston.

  • ICI Construction Inc., was also awarded a $975,000 contract for Instructional Support Center technology and Falcon Annex improvements at 10300 Jones Road, Houston, and 11330 Falcon Road, Houston, respectively.

By Danica Lloyd
Danica joined Community Impact Newspaper as a Cy-Fair reporter in May 2016 after graduating with a journalism degree from Union University in Jackson, Tennessee. She covers education, local government, business, demographic trends, real estate development and nonprofits.


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