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Bonham ISD board adopts 2025 tax rate; staff stresses 'no change' to rate though revenue rises with valuations
Summary
After a public hearing, the Bonham ISD board adopted a 2025 tax rate (stated in minutes as $1.0808 per $100) and approved related tax‑rate calculation resolutions. Staff emphasized the distinction between 'no new revenue' calculations and changes caused by property valuation growth.
The Bonham ISD Board of Trustees adopted a property tax rate during its September meeting after a brief public hearing and discussion about state tax‑rate calculation rules. Staff presented the proposed maintenance & operations (M&O) rate at 0.6669 (reported as no change from the prior year) and discussed the I&S (interest & sinking) projections; staff cited projected M&O collections a little over $10,000,000 and I&S collections near $5,400,000 at a 98% collection rate.
During discussion board members sought clarification about the confusing state terminology that produces a "no new revenue" percentage even when the district's total revenue rises due to higher property valuations. As one board member put it, "We're not actually going up on the tax rate... it's the state's way of trying to..." Staff reiterated that the proposed action did not increase the district's adopted tax rate but that the no‑new‑revenue calculation reflects increases in appraised values.
The board then moved to adopt the tax rate. A motion to adopt the property tax rate (recorded in minutes with a total rate of $1.0808 per $100 valuation with M&O and I&S components) passed by voice vote; members present voted unanimously in favor. The board also approved a resolution naming a Fannin Central Appraisal District representative as the designated officer to calculate and report the statutory tax rates.
Why it matters: The adopted tax‑rate documents and the tax roll values determine the district's revenue for 2025; clarifications about 'no new revenue' calculations are important for public understanding of why collections change even when the board does not raise the adopted rate.
