North East ISD adopts lower tax rate for FY 2025-26

During its Sept. 8 meeting, the North East ISD board of trustees voted to adopt its tax rate for the 2025-26 school year.

The gist

In a unanimous decision, the board voted to adopt the total tax rate of $0.9822 per $100 valuation, including a maintenance and operations tax rate of $0.6822 per $100 valuation, which will fund the general operating fund, and an interest and sinking rate of $0.3000 per $100 valuation, which will fund the debt service fund. The rate is composed of a $0.63 compressed rate for the state, plus $0.5 for enrichment.

The 2025-26 tax rate is $0.0185 lower than last year's tax rate of $1.0007 per $100 valuation.

The background

The adoption of the tax rate concludes NEISD’s budget preparations for the 2025-26 school year, such as the adoption of a $1.037 billion total budget in June. The total budget includes a $584 million general fund, a $40.17 million school nutrition services fund and a $412 million debt service fund. Additionally, the budget includes a $387 million instruction fund, a $36 million school leadership fund, a $9.147 million health services fund and a $17.719 million student transportation fund.