NORTHSIDE INDEPENDENT SCHOOL DISTRICT ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.30 PERCENT AND WILL RAISE TAXES FOR MAINTENANCEAND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $0.00.
After months of public meetings, the Northside Independent School District adopted its budget and tax rates for 2015-16 on Aug. 25, 2015.
Trustees adopted a tax rate of $1.3755 which is a zero increase from the previous year. In fact, Northside has not raised the tax rate for the past five years. The proposed tax rate is more than 5 cents less than what was projected in School Bond 2014.
The proposed tax rate is comprised of two parts: the Maintenance & Operations tax of $1.04 and the Interest & Sinking tax of $0.3355.
On an average home in Northside, which is valued at $194,249, the increase in taxes would be approximately $6.14 month.
Trustees commented that the Board and administration have held the line on raising taxes in spite of the District growing by approximately 5,500 students and the opening of seven new schools in the last three years.