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Board approves certified debt-collection rate and authorizes CFO to calculate 2024–25 tax-rate worksheet
Summary
Trustees unanimously approved the district's certified debt-collection rate and authorized the CFO to prepare the no-new-revenue and voter-approval tax-rate worksheet for submission to the State Comptroller's Office.
The Mercedes ISD board approved the 2024 certified debt-collection rate and directed Chief Financial Officer Sylvia Garza to calculate the district's 2024–25 tax-rate worksheet for submission to the State Comptroller's Office. Administration recommended approval of both items and each motion passed unanimously.
Garza told the board the tax-rate worksheet is used to calculate the no-new-revenue (no-new-wealth) and voter-approval tax rates required by state reporting. Trustees voted to approve the certified collection rate and to authorize the CFO to prepare and submit the required worksheets as part of the district's budget and state reporting obligations.
