Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Godley ISD projects slight tax-rate drop as certified values rise; compression under HB 3 to reduce M&O rate
Summary
District staff said preliminary county-certified values show about a 5.17% increase in net taxable value to just over $2.0 billion, producing a projected 1.47¢ decline in the M&O tax rate due to state compression rules from House Bill 3 (2019); final tax rate will be set in August after TEA calculations and county certifications.
Godley Independent School District finance staff told trustees that preliminary certified values from Johnson, Hood and Tarrant counties show district taxable value increased about 5.17% year over year, prompting a modest reduction in the local maintenance-and-operations rate under state compression rules.
Spencer, a district staff member, said the district's preliminary total net certified value is "a little over…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
