As Leander ISD heads into the 2026-27 school year with a projected budget shortfall of $9.9 million, district leaders are looking at ways to generate additional revenue while still addressing district-wide campus and facility needs.
The big picture: The board of trustees voted Aug. 17 to place a voter-approval tax rate election, or VATRE, on the Nov. 3 ballot, which would increase LISD’s current maintenance and operations tax rate of $1.0869 by three cents. This would garner about $6.7 million in additional local funding, Superintendent Chris Clark said.
The breakdown: Passing a $0.03 VATRE would generate an additional $12 million in local taxes. However, a portion of the additional revenue would be subject to state recapture. About $5.3 million of the VATRE-generated revenue would be recaptured.
What to expect: Early voting will take place between Oct. 19-30, and election day is Nov. 3.
The district will offer in-person, virtual community meetings and a financial literacy website with frequently asked questions ahead of the VATRE.