Following a public hearing on the budget and tax rate, Northwest ISD trustees Monday approved a property tax rate of $1.425 per $100 valuation.
The figures include $1.04 for maintenance and operation and 41.25 cents for debt service. The latter rate increases from 33.5 cents last year, a reflection of the 2012 bond authorization election.
“This is the first time we’ve raised taxes in a while,” Trustee Mark Schluter said. “It’s not something we want to do, but sometimes you have to.”
The board also heard reports on July financials and staff development district effectiveness, and waived the penalty and interest on delinquent property tax accounts totaling $857.52.
“It’s not a substantial amount, to say the least,” said Jon Graswich, the district’s chief financial officer.