Progreso ISD discusses November tax-rate election to avoid $1.7 million budget cut
District financial advisers told the board that without voter approval to keep disaster-relief/tier pennies the district would face roughly $1.7 million in lost combined local and state revenue, prompting discussion of a November TRE and community workshops before an Aug. 18 election call deadline.
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Progreso ISD trustees heard a detailed school-finance briefing on May 27 on a proposed tax-rate election aimed at preserving roughly $1.7 million in annual revenue. Ankit Marianas, a financial adviser with Desai & Ojosa, told the board the district—s funding relies on two tax components — maintenance and operations (M&O) and interest & sinking (I&S) — and on state aid that averages about $6,100 per student.
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