POTENTIAL TAX IMPACT
UNDERSTANDING THE TAX RATE
Public school taxes involve two figures which divide the school district’s budget into two “buckets.” The first is the Maintenance & Operations (M&O) budget, also known as the General Fund. The M&O fund is used to pay for the day-to-day operations of a district and includes items such as salaries, utilities, food, gas, supplies, etc. A majority of Anderson-Shiro CISD’s M&O budget is spent on salaries including teacher compensation, benefits, and related costs.
The second is the Interest & Sinking (I&S) budget or Debt Service. This fund is used to repay debt for capital improvements approved by voters through bond elections. As a comparison, this fund is similar to a mortgage or home improvement loan. I&S funds may only be used to repay debt.
Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items, such as technology and transportation. By law, voter-approved bonds cannot be used to increase salaries or to pay rising costs of utilities or services.
Age 65+
NO TAX INCREASE on homesteads for those with an Age 65 Homestead Exemption Affidavit. For questions on how to apply, contact Grimes CAD at (936) 873-2163 or file online at grimescad.org.
The Age 65+ Homestead Exemption must be timely filed. Important information and specific deadlines can be found on the Grimes County Appraisal District's website.
General Operating Fund
(Maintenance & Operations)
Day-to-Day Operations and Expenses
For school districts, this includes:
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Staff salaries
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Utilities
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Supplies
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Repairs
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Fuel
For the average citizen, this is similar to:
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Groceries
-
Utilities
-
Minor Home Repairs
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Routine Services
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Car Fuel
For school districts, this includes:
-
Staff salaries
-
Utilities
-
Supplies
-
Repairs
-
Fuel
For the average citizen, this is similar to:
-
Groceries
-
Utilities
-
Minor Home Repairs
-
Routine Services
-
Car Fuel
Debt Services Fund
(Interest & Sinking)
Principal and Interest Payments on Debts Issued
For school districts, this includes:
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New Construction
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Renovations
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HVAC Systems
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Roofing
-
Technology
For the average citizen, this is similar to:
-
Mortgage
-
Home Renovation
-
Major Appliances
-
Land
-
Car
For school districts, this includes:
-
New Construction
-
Renovations
-
HVAC Systems
-
Roofing
-
Technology
For the average citizen, this is similar to:
-
Mortgage
-
Home Renovation
-
Major Appliances
-
Land
-
Car