Katy ISD board OKs 2019-20 property tax rate of $1.4431

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Property owners within the Katy ISD geographic boundary will see a lower tax rate in fiscal year 2019-20.

The KISD board of trustees approved a total tax rate of $1.4431 per $100 of valuation at the Sept. 23 meeting. This is a $0.0735 reduction from the FY 2018-2019 tax rate thanks to the passage of House Bill 3, the state Legislature’s school finance reform bill.

The FY 2019-20 property tax rate consists of a maintenance and operations tax rate of $1.0531 and an interest and sinking rate of $0.39.

In July, KISD Chief Financial Officer Christopher J. Smith said the district’s general fund tax revenue is projected to decrease by about $20.6 million year over year due to the lower tax rate. State funding from HB 3 is expected to help make up the funding difference.

In fact, the projected year-over-year increase in general fund revenue is expected to increase from $715.6 million to $792.2 million, Smith said in July.

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  1. Hey Jen, how about a story looking into the total debt of KISD… how much, what are the rates, when is it due, etc..
    This would be very informative and pull the curtain back on the things that kisd doesn’t like talking about.

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Jen Para
Jen joined Community Impact Newspaper in fall 2018 as the editor of the Katy edition. A graduate of the University of Missouri School of Journalism, Jen has written about business, politics and education since 2013. Prior to CI, Jen was the web producer at Houston Business Journal.
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