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.

SHARE THIS STORY
By Danica Smithwick

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


MOST RECENT

Lone Star College System has $185 million remaining from its 2014 bond referendum. (Anna Lotz/Community Impact Newspaper)
Lone Star College System updates 2014 bond project progress

Lone Star College System continues to make improvements to campuses through an $485 million bond that passed in 2014.

Edward Jones is coming soon to Lakeland Village Center in Cypress. (Courtesy Fotolia)
Edward Jones to open new location this spring in Lakeland Village Center

Services include wealth management and financial advice on topics such as retirement and stocks.

The Door Store to move from Spring to Cypress in March

The Door Store will relocate from 14919 Stuebner Airline Road, Houston, to 10706 Grant Road, Cypress, in March.

Cy-Fair ISD pushes to diversify teacher hires

Last year, 66% of teachers in CFISD were white, according to state data. CFISD officials have managed to hire more teachers of color in recent years.

The venue holds up to 500 guests; can host indoor and outdoor ceremonies; and features a dividable large ballroom, private dressing rooms, 24-foot ceilings and sophisticated modern architecture. (Courtesy Lux Vita)
Wedding, event venue Lux Vita now open in North Houston

The venue holds up to 500 guests; can host indoor and outdoor ceremonies; and features a dividable large ballroom, private dressing rooms, 24-foot ceilings and sophisticated modern architecture.

Texas Central officials announced interior plans Feb. 17 for the company's proposed high-speed train connecting Houston and Dallas. The Shinkansen trains in Japan will be customized for Texas with no middle seats and additional legroom, company officials announced. (Courtesy Texas Central)
JUST IN: Texas Central gives first glimpse of high-speed train car interior

Texas Central officials announced interior plans Feb. 17 for the company's proposed high-speed train connecting Houston and Dallas.

A new townhome project along Telge Road has sparked concerns about residents in nearby communities that the project's location near Cypress Creek could worsen flooding. Developers with the project said they have gone above and beyond in following regulations. (Shawn Arrajj/Community Impact Newspaper)
Officials: Decades of development may have contributed to Cypress Creek watershed floods

Editors’ note: This article is the first in a series looking at flooding in the Cypress Creek watershed.

Cirque du Soleil comes to the Same Houston Race Park at the end of February. (Courtesy Cirque du Soleil)
16 things to do in and around Cy-Fair in February and March

From classical music to classic cars to Cirque du Soleil, there's plenty to do in the Cy-Fair area this month.

Council Member James Singleton (left) and Drew Wasson (right) are among the three incumbents who will run unopposed to retain their seats in May 2020 elections. Mayor Andrew Mitcham (center) is not up for election until 2021. (Shawn Arrajj/Community Impact Newspaper)
Jersey Village City Council members up for election this May draw no challengers

With the deadline passed for candidates to file, the incumbents will all run unopposed.

Pier 1 Imports in in the process of closing 450 stores nationwide. (Hunter Marrow/Community Impact)
Pier 1 Imports to close Willowbrook location Feb. 26

The home decor store is offering 60% off most remaining merchandise.

Harris County ESD No. 9 supports local fire and ambulance services. (Courtesy Cy-Fair Volunteer Fire Department)
Three candidates to compete for two Harris County ESD No. 9 commissioner seats this May

The two candidates with the most votes this May will win seats on the board of commissioners.

Three candidates are running in the Democratic primary for Texas' 10th congressional district. (Courtesy Adobe Stock)
Q&A: Democratic candidates for U.S. representative for District 10 discuss area concerns, immigration policy

Three candidates are running in the Democratic primary for Texas' 10th congressional district.

Back to top