TRINITY — The Trinity ISD Board of Trustees approved the new fiscal year budget and tax rate at the Aug. 24 meeting.
Superintendent Dr. Benjamin Petty said the board approved a combined rate of .8744, or 87.44 cents per $100 property valuation. The rate includes 69.27 cents for maintenance and operations and 18.17 cents for debt service.
Petty said the rate is a little bit less than last year — less than a penny — but will still provide roughly the same revenue due to increases in property values.
The board also approved the FY 2026-27 budget.
In a related matter, the board approved an engagement agreement with a law firm Cantu Harden Montoya LLP to discuss refinancing bonds. Petty said the refinancing could save the district around half a million dollars.
In other business, the trustees: