Lubbock Independent School District’s Board of Trustees has approved a new tax rate and teacher raises in its 2025-2026 budget.
In Thursday’s meeting, trustees unanimously approved a new tax rate of $0.86 per $100 valuation, a decrease of about 4 cents from last year’s $0.90 tax rate. This comes despite a $7.6 million deficit reported with the school district’s budget earlier this summer.
Officials with the district reported this deficit as school districts around the state were waiting for the final details on the newly approved HB 2, the Texas legislature’s $8.5 billion boost to public school funds. Texas lawmakers described this as a “historic” increase in education funding for the state, with increasing teacher compensation as a focus of the bill…