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Leander ISD packet recommends adopting a $1.0869 tax rate for 2024
Summary
Administration recommended the Board adopt a total tax rate of $1.0869 ($0.7569 M&O; $0.3300 I&S) for 2024, noting TEA certified the Maximum Compressed Rate at $0.6169 and including required statutory language and sample motions.
Pete Pape, Ed.D., CPA, Chief Financial Officer, presented required background and sample ordinance language for adoption of the 2024 property tax rate. The packet states the Texas Education Agency certified the district’s Maximum Compressed Rate (MCR) at $0.6169 and shows computed rates including the No New Revenue (NNR) rate of $1.059713 and the Voter‑Approval rate of $1.099531. Administration recommended adoption of a total tax rate of $1.0869, consisting of an M&O rate of $0.7569 and an I&S rate of $0.3300; the materials note that this proposed rate is $0.0218 lower than the prior year’s rate but that the sample motion language must be used if the adopted rate exceeds certain thresholds.
The packet includes statutory guidance from the Texas Property Tax Code (Section 26.05) and required public‑notice language for the ordinance; it also includes TEA correspondence confirming the district’s selection of Option 3 to reduce revenue in excess of entitlement and deadlines associated with that process.
