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Northside trustees adopt FY 2026 budgets, hold tax rate steady and approve $84.36M defeasance plan
Summary
The Northside Board of Trustees heard a public presentation on the fiscal 2026 proposed budgets and tax rate, then approved a set of budget actions including a final budget amendment, formal budget adoption for three funds, a resolution committing fund balance, and a defeasance plan. The board also kept the total tax rate unchanged at $1.0049.
The Northside Board of Trustees on Aug. 26 adopted the district—s fiscal year 2026 budgets and kept the district—s total tax rate flat at $1.0049, after a staff presentation and several finance motions that the board approved later in the meeting.
District finance staff presented the proposed Maintenance and Operations (General) fund, the Child Nutrition Fund and the Debt Service (Interest and Sinking) fund and explained how property value changes, exemptions and House Bill 2 adjustments affect revenue. Finance staff told trustees the district is budgeting conservatively for continued enrollment declines, and noted a remaining projected general-fund shortfall that will be drawn down from an instructional-continuity reserve the board previously set aside.
Why it matters: The board—s votes commit how the district will collect and spend taxpayer funds for the coming year and include an $84.36 million defeasance plan intended to reduce future debt service costs for taxpayers. Board members emphasized that payroll remains the district—s largest expense…
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