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Petrolia CISD board approves higher I&S debt tax rate to pay off obligations
Summary
Petrolia CISD trustees approved a proposed interest-and-sinking (I&S) debt rate of 0.2130 for tax year 2026 — a 75% increase from 0.12170 — and adopted a resolution to use excess revenue to pay debt. The vote was 6-0 with one trustee absent.
Petrolia Consolidated Independent School District trustees voted Aug. 4, 2026 to approve a proposed debt rate of 0.2130 for tax year 2026. Trustee Scott Adams moved that "the proposed debt rate of 0.2130 be approved for tax year 2026," and Secretary Madison Kunkel seconded; the motion passed on a roll call of 6-0 with Trustee Chad Trietsch absent.
The motion record in the meeting materials described the proposed debt rate as a 75% increase from 0.12170 and said the rate is intended to raise the minimum amount required to service district debt in the next fiscal year. The board also adopted a separate resolution, moved by Trustee LeAnne Henderson and seconded by Trustee Camille Bowman, authorizing use of an increased I&S tax rate to pay off debt; that resolution likewise passed 6-0 with one absence.
The approvals came during a budget workshop in which the board reviewed the proposed budget with Business Manager Theresa Harrison. Board President Bryce Tucker and Superintendent Kenda Cox were listed as present; no citizen comments were recorded. The board also set a public hearing on the proposed budget and tax rate for Aug. 31, 2026 at 7:00 PM.
The actions taken are procedural steps in the district's budget and tax-rate adoption process; final adoption of the budget and the tax rate will follow the statutorily required public hearing and any subsequent formal vote.
