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District finance director outlines tax-rate mechanics and possible revenue from a tax ratification election
Summary
Finance staff reviewed how the district’s maintenance-and-operations and interest-and-sinking tax rates work, discussed legislation in progress, and outlined a timeline and revenue estimate for a possible tax ratification election.
Alamo Heights ISD finance staff briefed trustees on the district’s tax-rate structure, how state compression affects the maintenance-and-operations (M&O) rate, and the interest-and-sinking (I&S) rate tied to debt payments; staff also discussed a timeline and preliminary revenue estimate if the board were to consider a tax ratification election (TRE).
The finance presentation explained the three components that determine the district’s M&O compressed rate:…
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