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Odessa R‑VII board approves 2025–26 tax levy, shifts operating rate into debt service
Summary
At its August meeting the Odessa R‑VII School District Board of Education approved a total levy of 4.7285 per $100 of assessed valuation for 2025–26, moving part of the operating rate into the debt‑service fund under the Hancock Amendment. Board members said the change preserves the district’s total levy while reallocating revenues to debt obligations.
The Odessa R‑VII School District Board of Education approved the district’s proposed 2025–26 tax levy at its August meeting, accepting a total rate of 4.7285 per $100 of assessed valuation.
Finance staff said the levy is composed of an operating rate of 3.3136, a debt‑service rate of 1.3149, and a 10¢ capital levy. “We are rolling back the operating fund tax rate and moving it into the debt service fund,” finance staff…
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