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Del Valle ISD staff reports July finances and outlines proposed 2025–26 tax rate; public hearing set for Sept. 16
Summary
District finance staff presented the July financial report and proposed a combined 2025–26 tax rate of $0.9489 per $100 valuation (M&O $0.6189, I&S $0.33). The board will hold a public hearing Sept. 16 before any adoption.
Ms. Dina Edgar, a member of Del Valle ISD finance staff, presented the district’s monthly financial report for the period ending July 31 and an overview of the proposed 2025–26 tax rate during the school board meeting Sept. 2.
Edgar said the district’s investment portfolio carried a weighted average yield of 4.41% and that nearly 98% of the portfolio is held in securities maturing within one year as the district refrained from reinvesting in longer-term instruments because of cash-flow considerations. “In the month of July the district earned $1,100,000 in interest earnings,” Edgar said. She reported July tax collections of $106,000 but noted the fund balance reflected negative…
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