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KILGORE ISD board adopts property tax rate after voter measure failed
Summary
After the VADER measure failed, trustees adopted a compressed tax rate made up of 0.6669 for maintenance & operations and 0.4382 for interest & sinking; staff said this will reduce M&O collections by about 4.33% and the motion passed 6-0.
Trustees voted on Nov. 10 to adopt the district’s property tax rate following the failure of a recent voter measure (referred to in the transcript as “VADER”). A staff presenter told the board the district must adopt a tax rate and explained the components: 0.6669 for maintenance and operations (M&O) and 0.4382 for interest and sinking (I&S). The presenter said the figures reflect the compressed rate guidance from the Texas Education Agency.
A trustee moved to adopt the property tax rate as presented, noting the split of 0.6669 (M&O) and 0.4382 (I&S). The motion was seconded and approved by voice/raised‑hand vote; the transcript records the tally as 6–0.
Staff explained this adopted rate will produce an approximately 4.33% decrease in M&O tax collections versus last year, and reminded trustees that while the I&S component funds debt service (bonds), the M&O rate funds day‑to‑day operations. The presenter and trustees discussed tax compression from state actions, homestead/exemption changes, and how those dynamics affect local messaging for future revenue measures.
Trustees said they will revisit budget numbers when updated revenue estimates arrive from county/state sources and plan to review adjustments at upcoming meetings in December or early next year.
