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Bastrop ISD board adopts 1.0679 property tax rate for 2025'26
Summary
The Bastrop ISD board voted to adopt a proposed 2025'26 property tax rate of 1.0679 after a public hearing; the transcript records a motion, second and 'motion carries' but does not include a roll-call tally. The CFO explained state compression and Truth-in-Taxation disclosures prior to the vote.
The Bastrop Independent School District board voted to adopt a property tax rate of 1.0679 for the 2025'26 year following a public hearing and presentation by Chief Financial Officer Mike White.
White told trustees that the proposed maintenance-and-operations (M&O) component was 66.69 cents and the interest-and-sinking (I&S) component was 40.01 cents, and he explained how state "compression" and Truth-in-Taxation disclosures affect local rates and reported revenues. He said the district has used a portion of fund balance in recent years to maintain tax-rate consistency and noted recent debt sales and bond activity.
During the board's formal consideration, a trustee moved to adopt the rate of 1.0679; the motion was seconded and the presiding officer called for the ayes. The presiding officer then announced, "Motion carries." The meeting transcript does not record a roll-call vote or a member-by-member tally.
Why it matters: property tax rates determine local revenue available to fund schools; trustees discussed the interaction of state funding formulas, voter-approved homestead exemptions, and local growth. The CFO described compression as a statewide adjustment that reduces a district's statutory rate while the state makes up much of the difference for many districts.
What's next: the district will implement the adopted tax rate for the 2025'26 fiscal year as posted in the required Truth-in-Taxation notices. The board completed the related public hearing with no audience questions recorded in the meeting transcript.
