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Bastrop ISD board adopts 1.0679 tax rate after public hearing
Summary
The Bastrop Independent School District board voted to set the 2025–26 property tax rate at 1.0679, a measure officials said reflects state compression rules and maintains the district's debt service rate. The adoption followed a public hearing and presentation by CFO Mike White.
Bastrop Independent School District trustees voted to set the 2025–26 property tax rate at 1.0679 during the board's regular meeting, adopting the rate after a public hearing and financial presentation by Chief Financial Officer Mike White.
CFO Mike White told the board this evening that the proposed rate matches the figures the district previewed in budget workshops and is the final step in a months-long budget process. "Tonight is the final step, the adoption of the M&O and I&S tax rate," White said, explaining the district's calculations and the role of state funding changes known as compression.
White described the district's breakdown of maintenance-and-operations (M&O) and interest-and-sinking (I&S) components, saying the district will maintain an I&S (debt service) rate of 40.01 cents and use a portion of fund balance to preserve rate stability. He also summarized state truth-in-taxation reporting requirements and said the resolution includes the prescribed statement required when state funding formulas change.
Board members held a brief public hearing; there were no audience questions during that portion of the meeting. A board member moved to adopt the rate with the motion text recorded as: "I move that the property tax rate be increased by the adoption of a tax rate of 1.0679, which is effectively an 8.8% increase in the tax rate as presented." The motion was seconded and passed by voice vote. The board did not read a roll-call vote on the record.
Why it matters: the rate-setting determines local property tax revenue the district will collect for operations and debt service in the coming year and is tied to state formulas that can affect how much local revenue is offset by state aid.
The district's finance presentation referenced House Bill 3 and other state actions that have compressed historical tax rates and created the current funding dynamics; White said those state changes mean the truth-in-taxation language must be included when a rate results in an increase in effective revenue. The board did not adopt any additional tax-related measures at the meeting.
Next steps: the adopted tax rate will be reflected in the district's budget documents and published in accordance with state requirements. The board did not record individual board member votes in the public record during the motion.
