Wylie ISD has approved a 26-cent property tax increase, which will cost $1.1506 per $100 of property value. The budget for this year is $64 million

Posted by Anderson August 29, 2024
Wylie ISD has approved a 26-cent property tax increase, which will cost $1.1506 per $100 of property value. The budget for this year is $64 million

The Wylie ISD School Board has agreed to raise property taxes by 26 cents and make a budget of almost $64 million for the 2024–2025 school year.

Wylie ISD Approves 26-Cent Property Tax Hike for 2024-2025 School Year

The Abilene Reporter-News says that the Wylie Independent School District School Board has agreed to a new property tax rate for the school year 2024–2025. There is now a $1.1506 fee for every $100 of property value, which is 26 cents more than last year. The cash will be used to fix up the school, run it, and settle bills.

Superintendent Joey Light said that the state wants the district to use the biggest tax rate possible, or else the district could get in trouble. Besides that, he said that even though taxes are going up, the general rate is still less than it was in 2020. It has never been this low for the part of the tax that goes to maintenance.

Expect a tax jump: Wylie ISD School Board adopts new budget and tax rate
Source msn.com

Wylie ISD Adopts $64 Million Budget for 2024-2025 Amid District Growth

The School Board also agreed to a budget for the next school year that is almost $64 million. This amount includes $48 million for the school’s general costs, $3 million for food services, and $13.3 million to settle loan debt. Light said it’s likely that the budget will keep going up as the district grows.

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