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Nacogdoches ISD board adopts $1.1352 tax rate for 2024–25

Nacogdoches ISD Board of Trustees · September 12, 2024
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Summary

The Nacogdoches ISD Board of Trustees unanimously adopted a $1.1352 per $100 valuation tax rate for 2024–25, allocating $0.7552 for maintenance and operations and $0.3800 for debt service; the vote was 6–0 with one trustee absent.

The Nacogdoches ISD Board of Trustees voted Sept. 12 to adopt a tax rate of $1.1352 per $100 of property valuation for the 2024–25 fiscal year. CFO Ben Eberlan told the board the rate is split between maintenance and operations and debt-service needs: "M&O - 0.7552; Debt service - 0.3800; The total Tax Rate for 2024 will be of $1.1352."

Eberlan also presented budget figures tied to the rate: a General Fund budget of $62,503,660, a Debt Service budget of $9,436,607, and a projected average daily attendance (ADA) of 5,240.01. No members of the public offered comments during the required public meeting on the proposed rate.

The motion to adopt the rate was made by Rev. James Ervin and seconded by James Montoya; the board approved the measure unanimously (Yea: 6, Nay: 0, Absent: 1). The board will record the approved rate as part of the district's 2024–25 budget and tax documentation.

Board members and staff framed the vote as a routine adoption after public notice and the required public meeting; no amendments to the rate were proposed at the meeting. The board adjourned later that evening at 7:10 p.m.