Lone Star College System board members voted to lower the college system’s property tax rate for fiscal year 2025-56 during the board’s Oct. 2 meeting.
The action taken
The board unanimously approved a FY 2025-26 tax rate of $0.1060 per $100 valuation, down from last year’s rate of $0.1076. Trustee Rebecca Broussard was absent from the Oct. 2 meeting.
The average tax rate among college systems statewide is $0.1606, according to Oct. 2 presentation materials.
Diving deeper
According to the Oct. 2 meeting documents, the tax rate is made up of:
- $0.0785 per $100 valuation for the maintenance and operations tax rate, up from last year’s rate of $0.0757.
- $0.0275 per $100 valuation for the interest and sinking rate, down from last year’s rate of $0.0319.
The board passed a balanced budget of $548 million—which included a 3% raise for staff—for FY 2025-26 on Aug. 7. While projected revenue for the FY 2025-26 budget increased by about $35 million compared to last year, the budget included a roughly $13 million drop in state-generated revenue from the previous fiscal year.
