Klein ISD board members approved a budget June 8 for fiscal year 2026-27, estimated to bring no change in the property tax rate.
KISD Chief Financial Officer Dan Schaefer said the district won’t receive official median homestead values from the Harris County Appraisal District until after the new fiscal year begins July 1.
Current situation
The KISD board of trustees unanimously adopted the FY 2026-27 budget after the previously projected shortfall was offset by FY 2025-26’s projected $20 million surplus, as previously reported by Community Impact.
The board of trustees held a public hearing at the meeting regarding the FY 2026-27 budget, but received no public participation.
The projections
The adopted FY 2026-27 budget was based on an estimated tax rate of $1.0119 per $100 of property value, which is the same rate as FY 2025-26. However, the actual proposed tax rate will be determined in September or October once the district receives verified property values from HCAD, meeting documents show.
In case you missed it
Schaefer presented the FY 2026-27 budget to the board of trustees at the April 20 budget workshop and provided an update at the May 11 regular meeting.
Schaefer said school districts continue to face financial challenges regarding:
- Increase in inflation
- Underfunded safety requirements mandated by the state
New funding sources from the 89th legislative session with new spending requirements have also brought challenges, Schaefer said.
KISD’s FY 2025-26 and 2026-27 are projected to be balanced over the two-year period, Schaefer said. This is attributed to:
- Updated state property value estimates
- Increased revenue from favorable state recalculations
What’s next
The KISD board of trustees is slated to meet July 13 at 6 p.m. in the Frank A. Lemmon Administration Building.
