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Finance director outlines preliminary 2026 certified values and budget implications
Summary
Finance director Derek Sinclair presented preliminary 2026 property values, explained their role in state 't' value calculations and the compressed tax-rate estimate, and reported district revenues and collection percentages to date.
Derek Sinclair, the district's finance director, reviewed the preliminary certified values released by the county tax appraisers and explained how those numbers feed into state 't' value calculations used to estimate a compressed tax rate. Sinclair warned the values are preliminary and will be updated through the summer as counties finalize certified values.
He reported the district has collected roughly $55,000,000 of budgeted revenues as of the end of April and that current-year tax collections are about 95% complete. Sinclair also summarized expense tracking (about $38,000,000 spent of a roughly $65–66 million budget) and noted large, scheduled one-time payments coming in July and August, including the annual bus lease and bond payments.
Board members asked questions about specific funds (the "Tom Green" fund and maintenance tax-note payments); Sinclair said the Tom Green fund had recovered to roughly normal levels and that several large payments will end in a few years, improving available revenue for M&O purposes.
