Bond 2017 Information

tax rate information

School Funding

There are two "buckets" of revenue sources to run the Clear Creek Independent School District. The first is revenue generated by the Maintenance & Operations (M&O) tax rate. The M&O tax rate is currently $1.04 per $100 valuation and has not changed for many years. The general fund is developed from the monies collected from the M&O tax rate, state, federal, and grant funding. The general fund is what the district uses to pay for the day-to-day operations of the district such as salaries, instructional supplies, utilities, insurance, and fuel. The Texas legislature regulates the amount of funding CCISD and other school districts can retain from local property taxes for maintenance and operations of public schools. This is the very fund the legislature reduced by $17.5 million in 2011. 

The second source of revenue is from the Interest and Sinking (I&S) tax rate. The I&S tax rate for the district is $.36 per $100 valuation. This is the mortgage side of the district’s finance structure. This fund can only be used for capital improvements such as facilities, technology and buses. The revenue generated from the I&S tax rate stays within local control. Unlike the M&O revenue, monies generated from the I&S property tax rate is not subject to be used for statewide expenditures.
 
The bond proposal would increase the revenue generated from the I&S tax rate to address facility and student growth needs.

Current Tax Rate $1.40 per $100 valuation

CCISD has one of the lowest tax rates in the Greater Houston Area

tax rate standing


Estimated Tax Impact Calculator

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Estimated tax rate increase of $0.035 per $100 of assessed property value, $25,000 state homestead exemption and 5% local homestead exemption.

CCISD Bond Proposal - Debt Information

 
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