HISD Board Looking at a Higher Tax Rate
Next week the HISD school board will consider a 4 cent property tax rate increase, bumping it up to $1.1967 per $100 taxable value. If the move is approved by the HISD school board this will be the first property tax raise since 2001, according to a release issued by HISD.
Since the state legislature cut education funding to the bone back in the midst of the Great Recession, things have gotten better economics-wise in the Lone Star State, but those improvements haven't translated into bringing funding back up to pre-recession levels. School districts across the state had funding slashed during the state legislative session in 2011.
HISD lost $75 million in funding in 2011 and $125 million in funding in 2012. (Voters did approve that $2 billion bond election to repair HISD facilities last fall, but that money, of course, can't be used to bridge ye old budgetary gaps.) HISD made up the lack of funding in past years by cutting costs and then using money from savings and a dollop of one-time-use federal funding last year, according to the release.
There will be a public hearing on the move 5 p.m. Thursday, October 10 in the board auditorium of the Hattie Mae White Educational Support Center, 4400 W. 18th Street, according to the release. The board is expected to vote on the measure after the hearing.