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Tulia ISD board approves tax-rate adoption and bond defeasance order
Summary
The board adopted a total tax rate of $0.9808 (a 22.58% effective increase) and approved an order authorizing defeasance and redemption of certain outstanding bonds during the Aug. 21 meeting; both votes were unanimous.
At its Aug. 21 meeting the Tulia Independent School District Board of Trustees approved two major fiscal measures: an order authorizing the defeasance and redemption of certain outstanding bonds and the adoption of the 2025–2026 tax rate. Superintendent Dixie Johnson discussed bond defeasance arrangements and CFO Diana Wolfe addressed tax-rate questions before votes.
Trustee Nicole Gore moved approval of the bond order, seconded by Trustee Kacy Quinton; the motion passed unanimously. Separately, on a motion by Trustee Ashley Ramirez, seconded by Trustee Jenni McCaslin, the Board adopted a total tax rate of $0.9808 comprised of a $0.7270 M&O rate and a $0.2538 I&S rate; the record describes this as an effective 22.58 percent increase. Both measures were recorded as unanimous.
Minutes do not provide detailed financial analysis or schedules in the summary; district staff will implement the bond defeasance process and tax-rate adoption per statutory and administrative requirements.
