COPPERAS COVE, Texas — During a special meeting on Thursday, August 29, the CCISD Board of Trustees approved a nearly six-cent decrease in the district's total tax rate per $100 valuation.
The board also adopted an $89.4 million operating budget for the 2024-25 fiscal year, which begins Sept. 1.
For the sixth year in a row, Copperas Cove ISD taxpayers will see a reduction in their tax rate.
The reduction is largely due to the district making its final payment on the 2005 bond series. Funded through the Interest & Sinking tax rate, this payment allows the I&S rate to drop by 5.6 cents to $0.020203 per $100 valuation.
“We appreciate the board for approving the new budget and continuing to prioritize the needs of students,” CCISD Superintendent Dr. Joe Burns said . “We hope the community recognizes our ongoing commitment to putting students first and overcoming any challenges that arise.”
The Maintenance & Operations (M&O) tax rate will remain unchanged at $0.7575.
“Our community will see their property taxes decrease this year, even though the M&O tax rate stays the same, thanks to the final payment on the 2005 bond,” said Cliff Heath, CCISD’s Chief Financial Officer.
The board also approved a resolution to allocate nearly $35 million from the district’s fund balance for emergency repairs, land purchases for anticipated growth, and future facility construction.
The remaining $28 million will remain uncommitted to ensure four months of operating expenses, as outlined in board policy.