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Board keeps tax rate, adopts 2025 resolution tied to higher homestead exemptions; approves budget amendment
Summary
Castleberry ISD trustees voted 7–0 to adopt a tax-rate resolution (legal language reflecting a 13–13.5% comparison to the no-new-revenue rate), while staff said the effective tax burden for homeowners will fall because homestead exemptions increased; the board also approved Budget Amendment #2, 7–0.
The Castleberry Independent School District Board of Education voted unanimously to adopt the district’s proposed tax-rate resolution and to approve a budget amendment for 2025–26.
Tax-rate resolution
Chief Financial Officer William Wooten presented the proposed 2025–26 tax rate and legal adoption language. Wooten said the district is proposing a tax rate of “1.2469 per $100 valuation” (presented as “1.2469 out of a 100” in the meeting) consisting of a maintenance-and-operations portion of 0.7469 and an interest-and-sinking portion of 0.50. Wooten explained that recent state legislation increasing the standard homestead exemption (cited as Senate Bill 4 and Senate Bill 23 in the presentation) lowered the “no-new-revenue” (effective) calculation; state-required legal language therefore shows an apparent percentage increase (Wooten and the district’s tax attorney described…
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