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Bastrop ISD sets 2024–25 tax rate at $1.0679; board cites budget alignment and property-value effects
Summary
CFO Dina Edgar recommended and trustees approved a $0.6669 M&O rate and $0.4010 I&S rate (total $1.0679) to fund the adopted budgets of $130.9M (M&O) and $33.9M (I&S); trustees voted unanimously.
At a public hearing Sept. 17, Bastrop ISD Chief Financial Officer Dina Edgar recommended a tax rate of $0.6669 for Maintenance & Operations and $0.4010 for Interest & Sinking debt service, for a total 2024 tax rate of $1.0679. Edgar noted the district adopted a $130.9 million M&O budget and a $33.9 million I&S budget for 2024–25 and explained that state rules require separate rates for M&O and debt service.
Edgar also reported that while the district's total tax rate decreased by 0.23 cents from the previous year, homeowners experienced a 3.71% rise in school taxes driven by increases in property values. Trustee Billy Moore moved to set the property tax rate at $1.0679 for tax year 2024; Chris Dillon seconded, and the motion carried unanimously.
