Financial Information
CSISD can fund all of the 2024 Bond projects while maintaining a stable tax rate. In addition, with the passage of the increase to the homestead exemption to $100,000 in 2023 along with a decrease in the total CSISD tax rate, most homeowners are seeing a decrease in their taxes paid.
CSISD Tax Rate
At its August 22, 2023 meeting, the board adopted a Maintenance and Operations Tax Rate of $0.6992, which is 21.58 cents lower than last year’s rate. The current total tax rate of $0.9622 is now 43.58 cents lower than the 2017 rate of $1.3980, which is a decrease of 31 percent in the last six years.
The 2023 Bond had an estimated a two-cent increase to the current CSISD Interest and Sinking Tax Rate of $0.2630 per $100 of valuation. For the 2024 Bond, there will be no additional increase.
Cost Savings with the 2024 Bond
CSISD spent approximately $60,000 in 2022-2023 to use alternate facilities when district fields are deemed unplayable due to weather and/or natural turf conditions. Replacing the natural surface with artificial turf will provide a cost-savings of approximately $213,647 per year in maintenance costs.
Fiscal Responsibility
In addition to lowering the tax rate by $0.43 over the past six years, CSISD has stewarded tax payer dollars effectively. CSISD has been awarded a "Superior" rating in Texas' School FIRST accountability system. This prestigious rating demonstrates CSISD's exceptional financial management practices and effective allocation of resources.