Fort Bend ISD officials voted to decrease its tax rate for fiscal year 2026-27.
In a nutshell: The new tax rate of $0.9969 per $100 valuation is a 5.68% decrease from the $1.0569 tax rate in FY 2025-26.
The new rate results in residents paying $179 less a year, or $15 a month, for the average home's taxable value of $293,827, Chief Financial Officer Kris Lynn said.
Zooming out: Although the district will run on a $32.8 million budget shortfall, the adopted tax rate is the highest the district could set the rate without calling for an election. Lynn said that number is decided by property values and state formulas.
Lynn said district staff want to make sure they’re doing everything they can to reduce spending before asking voters to increase theirs. He said the district has looked at reductions in various areas such as transportation routes, utilities and staff levels to match lower student enrollment.