The current tax rate for the district is $1.36 per $100 valuation. The new tax rate is a $0.0227 decrease. The new rate is also the voter-approval tax rate, the highest rate the district is allowed to adopt without voter approval. According to district officials during the meeting, the district expects to see a revenue increase simply from the increase in property values.
The district also received its School Financial Integrity Rating System of Texas, or FIRST, rating, from the Texas Education Agency. According to TEA, the FIRST system reviews district financial data and “that holds school districts accountable for the quality of their financial management practices.”
KISD received a perfect score of 100 out of 100 and was rated “Superior.” This is the second year in a row the district has received a perfect score and the 18th consecutive year the district has been rated “Superior.”