Tax Impact for CCISD Bond is Less than Expected

Tax Impact for CCISD Bond is Less than Expected
Posted on 09/26/2014

Office of Communications
2425 East Main Street
League City, Texas 77573


Contact: Elaina Polsen, Director
(281) 284-0020 or epolsen@ccisd.net

September 25, 2014 

Tax Impact for CCISD Bond is Less than Expected

League City, Texas- Taxpayers in the Clear Creek Independent School District will not see a tax rate increase this year due to the CCISD Bond program. In May 2013, voters overwhelmingly approved a total tax rate increase of $0.1125 to fund $367 million in school improvements. Originally, the tax rate increase would have been spread out over the course of three years.

Through the district’s financing plan and an increase in local taxable values, the school board did not increase the tax rate this year. “We are pleased we can keep the debt service rate at $0.36 this year. We are also hopeful that we will be able to hold at this rate as the maximum increase for the entire bond program,” said Paul McLarty, Deputy Superintendent of Business and Support Services. If his projections hold true, McLarty says the total tax rate increase may be closer to $0.0400 versus the voter-approved $0.1125, which is less than half of what voters approved. Although the 2014 tax rate will remain the same as last year, the appraisal district has increased the value on many homes so some taxpayers may see an increased tax bill.

On August 18, 2014 the school board held a public hearing to discuss the budget and proposed tax rate. The proposed tax rate of $1.04 for the Maintenance and Operations Fund and $0.36 for Interest and Sinking Fund also known as the debt service tax rate was approved by the CCISD Board of Trustees during their regular meeting on Monday, September 22, 2014.

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