During a recent meeting of the Austin Independent School District (AISD) Board of Trustees, significant discussions centered on the adoption of tax rates and the upcoming tax ratification election scheduled for November 5, 2024. The board approved an increase in the property tax rate by 8.3%, setting it at 0.9505. This decision is intended to fund the 2024-2025 budget, which includes an $82.70 maintenance and operations tax rate and a 12.30 interest and sinking tax rate for bond obligations.

The board clarified that the approval of the tax rate is a separate action from calling for the tax ratification election, which will allow voters to decide on the new rate. This separation is necessary as the board is legally required to set a tax rate annually, regardless of the election.

Trustee Secretary Boswell emphasized that this tax rate adjustment is not unique to AISD, noting that other school districts in Central Texas have pursued similar measures. The board aims to communicate to the community that this approach is a common tool among urban school districts.

However, the discussion took a critical turn when Vice President Foster expressed concerns regarding the state's handling of public education funding. He highlighted the state's substantial surplus, which he argued is not being adequately directed towards public education. Foster criticized the tax rate increase, suggesting that a significant portion of the funds raised would ultimately benefit the state rather than local schools, as the state would take back a large share of the revenue generated.

The board ultimately passed the motion to adopt the new tax rate with eight votes in favor and one abstention. The upcoming election will allow voters to weigh in on the tax ratification, a crucial step in determining the future funding landscape for AISD.