Fort Bend ISD’s Board of Trustees on September 15 approved a 7-cent property tax increase using seven so-called “disaster pennies” to support the district’s $901.6 million operating budget for the 2025-26 school year. Position 2 trustee Adam Schoof was the sole vote against the increase.
The newly adopted tax rate of $1.0569 per $100 valuation includes the Maintenance and Operations (M&O) rate of $0.7869, which covers the district’s operational expenses, and an Interest and Sinking (I&S) rate of $0.2700, which is designated for the repayment of bonds issued by the district, according to a news release.
The new rate represents a 3.3 percent tax increase adding approximately $70 a year on a home valued at $100,000…