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Ore City ISD reports higher tax collections, weighs extra bond payment after audit
Summary
The district reported a 24% delinquent‑tax collection rate (an 8 percentage‑point improvement from last year). OCISD has two bonds with semiannual payments and administration said it may make additional principal payments after the year‑end audit.
During the Oct. 27 meeting district administrators presented financial reports (FIN 1750, FIN 3050, FIN 3350) and told the board that collections of delinquent taxes have improved. Officials said 24% of delinquent taxes have been collected — 8 percentage points higher than the prior year.
Administration advised that OCISD has two outstanding bonds with payments due semiannually each February and August. Administrator Cayla Mars said she would like to make additional payments to reduce the bond balances but would wait until the audit concludes to confirm available funds. The report also noted the government shutdown could affect food service but was not expected to impact other district operations.
