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Elgin ISD Adopts 1.2234 Tax Rate and Approves Amended 2025–26 Budget
Summary
The Elgin ISD Board on Aug. 18 adopted a 1.2234 tax rate (M&O 0.7552; I&S 0.4682) and approved an amended 2025–26 budget that shows a general‑fund shortfall of about $1.8 million after compensation adjustments; both measures passed 7–0.
The Elgin Independent School District Board of Trustees on Aug. 18 adopted a tax rate of 1.2234 and approved an amended 2025–26 budget, both by unanimous votes.
Chief Financial Officer Clark Motley told trustees the 1.2234 rate — split into a maintenance and operations component of 0.7552 and an interest-and-sinking component of 0.4682 — is the same rate the district adopted last year but will generate more revenue because property values rose. "Calculations must be done to…
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