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Lamar CISD presents two tax-rate options; option 2 recommended to pay down debt
Summary
At a public hearing, district finance staff described two proposed tax-rate options and said option 2—which slightly raises the interest & sinking rate—would allow earlier debt payoff; the presentation also flagged a child‑nutrition shortfall tied to rising fuel costs.
During the June 9 public hearing on the 2026–27 budget, finance staff walked trustees and the public through two tax‑rate scenarios and explained the likely homeowner impact.
The presentation showed a projected average home value example and compared the current total tax rate to two proposed options. “With option 1, proposed tax rate, they would owe $3,224.42 annually,” the presenter said, and staff noted that under option 2 the district would increase the I&S portion of the rate from $0.48 to $0.49 to accelerate debt paydown while still producing a net decrease for property owners compared with the prior rate.
Trustees asked questions about the district’s child‑nutrition fund, which finance staff described as operating with a deficit driven in part by fuel and delivery costs. The presenter explained that the department would use a portion of its fund balance to cover a projected shortfall and continue to seek efficiency gains; “the deficit in our food service budget … is due to the fuel cost,” the presentation said.
Administrators recommended option 2 to the board and indicated the board will revisit the tax rate after certified property values are received in July, with a possible vote at the August meeting.
