McAllen ISD reports stronger tax collections and investment earnings; appraisal district fee projected to rise

Miss Lorena Garcia, deputy superintendent for business and operations, reported to the board that McAllen ISD’s October–December 2024 tax collections improved over the prior year and that investment earnings have exceeded the district’s budgeted estimate.

Garcia said the district’s original tax levy was $89,000,845.64. Collections began slowly in October (0.14 percent for the month) then increased in November (9.32 percent) and were substantially larger in December (42.33 percent). Collections to date for December were reported as $38,000,046,033.69 (as read into the record); administration said January would be the district’s largest month for collections.

On the financial report, Garcia told trustees that year‑to‑date revenues were about $109 million and expenditures about $100 million, producing a positive variance of about $9.6 million for the fund balance at midyear. For the quarter ending Dec. 31, 2024, the district’s investment earnings were reported as $1,709,030.45, and year-to-date earnings were noted as approximately $3.4 million, exceeding a budgeted $3.0 million.

Garcia also reported on an interlocal agreement with the Hidalgo County Appraisal District tied to Texas Property Tax Code Section 6.06(e). The appraisal-district allocation (fee for appraisal services) is projected to be about $1,200,000 for the coming year, up from about $995,086 the prior year; the district noted the final amount will be adjusted based on actual appraisals at year end.

These items were presented for information; the board separately approved a related resolution naming investment officers and training sources later in the meeting.