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Troup ISD projects slight rise in debt service; I&S and tax-rate context explained
Summary
Administrators projected debt-service principal and interest rising from $486,125 to $489,475 for 2025–26, listed a proposed I&S rate of $0.090219, and cited Truth-in-Taxation calculations and $72,641 ASAHE for debt service.
District staff told the board the debt-service principal and interest were $486,125 last year and are projected at $489,475 for 2025–26. Blake Rowe presented the Interest & Sinking (I&S) current proposed tax rate of $0.090219, noting it represents an increase of approximately $0.011 per $100 of assessed value born of the Truth-in-Taxation calculation method.
Rowe also reported the state-aid template shows $72,641 ASAHE available for debt service in 2025–26. The numbers were provided as part of the budget workshop; the board did not take action on tax rates or debt-service formal adoption during the meeting.
