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Krum ISD board adopts 1.19520 property tax rate, minutes note 16% increase
Summary
The Krum ISD Board of Trustees voted unanimously to adopt a property tax rate of 1.19520 for 2025–26 after a public hearing that drew no comments. Trustees recorded the motion and a full-aye vote; the minutes describe the change as effectively a 16% increase.
Nick Vincent moved "that the property tax rate be increased by the adoption of a tax rate of 1.19520, which is effectively a 16% increase in the tax rate." Brooke Fouts seconded the motion, and all trustees voted aye.
Board President Eric Borchardt opened the public hearing on the proposed 2025–2026 budget and tax rate at 7:24 p.m.; no members of the public asked questions or offered comments, and the hearing closed at 7:25 p.m. The minutes record the vote with all seven trustees in favor (Eric Borchardt; Cody Carter; Kaci Cook; Brooke Fouts; Matt Martinez; Michael Paul; Nick Vincent).
