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Each year around August, Texas school districts adopt budgets for the upcoming fiscal year. Read about the budgets recently adopted by Eanes and Lake Travis ISDs.
Eanes ISD adopts tax rate, postpones staff compensation vote
Eanes ISD residents can expect to see a slightly lower tax rate in 2026-27 following the board of trustees' adoption of the rate during its Aug. 18 meeting, while an employee compensation plan is still to be determined.
What you need to know
The approved tax rate of $0.8254 per $100 of valuation includes $0.7054 for maintenance and operations and $0.12. for interest and sinking.
The M&O tax rate funds day-to-day operating expenses, while the I&S tax rate funds debt payments on bonds used for capital projects.
Chief Financial Officer Pete Pape said the continued M&O tax rate decrease has largely been due to statutes passed at the Texas Legislature, while the district's bond refunding efforts have kept the I&S tax rate consistent since a two-cent decrease in 2020-21.
What else?
The board indefinitely postponed voting on the sale of district-owned land to the Westbank Community Library District, and subsequently, postponed voting on an employee compensation plan until the September board meeting.
Lake Travis ISD board of trustees adopts lowest tax rate in district history
Homeowners in Lake Travis ISD may still see higher tax bills despite the board of trustees adopting a lower rate at an Aug. 19 meeting.
The overview
The LTISD board of trustees adopted a rate of $1.0329 per $100 of valuation, a slight decrease from the previous rate of $1.0397.
The total rate includes a maintenance and operations rate of $0.7054 per $100 of valuation and an interest and sinking rate of $0.3275.
The details
The new tax rate, though lower than fiscal year 2025-26, will generate more revenue for the district. This is partially due to increased property values in the area.
