Rockwall ISD Board considers lowest proposed tax rate in 29 years for 2020-2021

Order and notice for Nov. 3 General Election approved by Board of Trustees in special meeting

ROCKWALL, TX – August 4, 2020 — In a special session of the Rockwall ISD Board of Trustees on Monday, Aug. 3, Senior Chief Financial Officer David Carter presented proposed tax rate of $1.3100 for the 2020-2021 school budget. If adopted at the next Board meeting on Aug. 17, the proposed tax rate will be the lowest in 29 years.

Carter explained the implications of House Bill 3, recent legislation for school funding that compresses the District’s tax rate so that it does not produce more than 2.5% revenue above the prior year. The proposed tax rate for 2020-2021 is 94 cents for Maintenance and Operations (funds ex: utilities, salaries, operations, etc.) and 37 cents for Interest and Sinking (funds ex: bond payments). The proposed rate is a decrease of four cents from the 2019-2020 tax rate of $1.3500.

Also during the meeting, the Board approved the Order of Election and Notice of Election for the Nov. 3, 2020 general election, which includes the Board of Trustee election for Places 6 and 7. On March 23, the Board adopted an order under the authority of the Texas Governor’s Proclamation postponing the May 2 Board of Trustees election to the Nov. 3, 2020 general election.

Submitted press release by Rockwall ISD. Edited for publication in Blue Ribbon News.

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  november 3 general election, Rockwall County, Rockwall ISD, rockwall isd tax rate, rockwall schools, tax rate