In a recent public hearing held on September 9, 2024, the Round Rock Independent School District (RRISD) board discussed the proposed tax rate for the upcoming fiscal year, which has drawn significant public attention and debate. The proposed total tax rate for 2024 is set to decrease to 0.8931 from the previous year's rate of 0.9190, marking a reduction of 0.0259. This change is attributed to adjustments in the maintenance and operations (M&O) tax rate and the interest and sinking (I&S) fund rate.

During the hearing, community members expressed concerns regarding the implications of a proposed $1.3 billion bond measure, which they argue would lead to increased debt and higher taxes for residents. Critics highlighted that the district has experienced a decline in student enrollment, raising questions about the justification for such a significant tax increase. One speaker pointed out that the district's debt per student could rise to nearly $51,000, a figure they deemed unsustainable.

The board's presentation included details on the maximum compressed rate (MCR), which is designed to lower tax rates based on property value changes. The proposed M&O tax rate is 0.7101, a slight decrease from last year's 0.7210. The I&S fund rate is proposed at 0.1830, down from 0.1980. These adjustments are expected to result in a decrease in tax levies for homeowners, with estimates suggesting a reduction of approximately $60 for a home valued at $750,000.

Despite the proposed reductions, some community members remain skeptical, arguing that the district's financial strategies may not adequately address the ongoing decline in enrollment and the associated financial implications. The board emphasized that the hearing was an opportunity for public input, with decisions regarding the tax rate and bond measures to be finalized in upcoming meetings.

As the district navigates these financial discussions, the community's response will be crucial in shaping the future of funding for local education. The board is expected to revisit these topics in their next meeting, where formal motions regarding the tax rate will be made.