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MVISD board adopts 2024–25 budget and sets 2024 tax rate at $1.1669 (13% increase)
Summary
The Medina Valley ISD Board unanimously adopted the district’s 2024–25 budget and a tax rate of $1.1669 for 2024, recorded in the minutes as a 13% increase. The board also approved related budget line items over $50,000 and accepted certified appraisal rolls from Medina and Bexar counties.
The Medina Valley Independent School District Board of Trustees on Aug. 26, 2024, adopted the district’s 2024–25 budget and voted to set the district tax rate at $1.1669 for tax year 2024. Board President Nathan Fillinger presided over a roll-call vote in which all seven trustees voted in favor.
The board approved the adoption after a prior public hearing on the proposed 2024–25 budget and 2024 tax rate during the meeting; the minutes state there were no public comments during that hearing. Trustees also approved budget line items exceeding $50,000 and the 2023–24 final amended budget earlier in the meeting.
Tangible next steps recorded in the minutes include acceptance of the certified appraisal rolls from Medina County and Bexar County and the appointment of the district’s Chief Financial Officer as the designated officer to calculate and report the no-new-revenue tax rate and the voter-approval tax rate going forward. The minutes record the tax-rate adoption motion as: "to adopt the Resolution to Set the Medina Valley Independent School District Tax Rate of $1.1669 for 2024, which is effectively a 13 percent increase in the tax rate."
