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Friendship ISD board adopts $2025–26 budget, holds tax rate at $1.15067 per $100
Summary
After a public hearing, the Friendship Board of Trustees approved the 2025–26 district budget, held the interest-and-sinking tax rate at 40¢ and the maintenance-and-operations rate at 75.67¢, and formally set the voter-approved homestead exemptions to be presented to voters.
The Friendship Board of Trustees on Aug. 1 held a public hearing on the district’s 2025–26 budget and adopted the budget and a tax rate that keeps the district’s combined rate at $1.15067 per $100 of taxable value. Chief Financial Officer Pauline Reese presented the budget during the public hearing and walked trustees through enrollment, revenue sources, and required notices. Reese said the presentation relied on the district’s existing $100,000 and $10,000 homestead exemptions but noted the administration will move forward in budget materials with a proposed $140,000 homestead exemption and a $60,000 exemption for elderly and disabled homeowners that will go to voters in November. The…
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