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Board approves new bank signatures, authorizes CFO to work on tax rate; county projects 100% debt-collection rate
Summary
MISD trustees voted to authorize new bank signatures and to allow the district CFO to work with the county on calculating the 2025–26 tax rate. Administration also notified the board that the county’s preliminary debt-collection estimate is 100%.
The MISD School Board on Oct. 5 approved updates to the district’s bank-signature authorization, introduced the district’s new chief financial officer and authorized that CFO to work with the county to calculate the 2025–26 school tax rate.
The actions came after Superintendent Dr. Noyola introduced Christina Torres and recommended the banking and tax-rate authorizations. “Administration recommends approval,” Dr. Noyola said as he presented the items to the board.
Why it matters: changing bank signatures formalizes who may sign checks and manage…
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