The Texas City Independent School District Board of Trustees on Tuesday voted unanimously to adopt a 2012 property tax rate of $1.2692 per $100 valuation.
The tax rate was adopted in two motions, both with unanimous approval, with the first to adopt the district’s maintenance and operation rate of $1.04 per $100 valuation. The second was to adopt the district’s interest and sinking tax rate of $0.2292 per $100 valuation, which will fund payments on the district’s bonded indebtedness.
The overall rate decreased from 2011, which was $1.2953 per $100 valuation. However, the district will draw increased revenues due to new property on the tax rolls.
The board voted unanimously to hire new staff for the district. The item was discussed during an executive session.
All items were approved. All votes were unanimous with all members present. Agenda
During the meeting, the board received a review of the status of projects under its bond program. Exterior demolition of the former Texas City High School campus has been complete, with construction of a new middle school expected to begin soon.