Packet proposes $1.0869 tax rate; administration frames it as a 5.3% effective increase
Summary
CFO Pete Pape recommended the board adopt a total property tax rate of $1.0869 (M&O $0.7569; I&S $0.3300). The packet explains TEA‑certified MCR $0.6169, No New Revenue rate $1.032166, and Voter‑Approval rate $1.150778 and provides statutory motion language required when exceeding NNR.
Pete Pape, Leander ISD Chief Financial Officer, recommended adoption of a proposed total property tax rate of $1.0869 for tax year 2025. The packet breaks the total into a Maintenance & Operations (M&O) component of $0.7569 and an Interest & Sinking (I&S) component of $0.3300 and explains the statutory mechanics involved in adopting a rate that exceeds the No New Revenue (NNR) rate.
The agenda materials detail relevant computed rates and thresholds: TEA certified the district’s Maximum Compressed Rate (MCR) at $0.6169; the No New Revenue (NNR) rate is listed as $1.032166; the Voter‑Approval rate is $1.150778. Because the proposed $1.0869 rate exceeds the NNR, the packet notes the statute requires a motion with prescribed language: "I move that the property tax rate be increased by the adoption of a tax rate of (specify tax rate), which is effectively a (insert percentage) percent increase in the tax rate." The packet frames the proposed $1.0869 rate as "effectively a 5.3% increase" in the tax rate and recommended that the board adopt the ordinance.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
