2013 Bond Information

Tax Information

Tax Impact for CCISD Bond is Less than Expected -- Posted August 4, 2014

Taxpayers in the Clear Creek Independent School District will not see a tax rate increase this year as it relates to the CCISD Bond program. In May 2013, voters overwhelmingly approved a total tax rate increase of $0.1125 to fund $367 million in school improvements. Originally, the tax rate increase would have been spread out over the course of three years. However, the total tax rate will be significantly less than projected.

Through the district’s financing plan and an increase in local taxable values, the school board will not increase the tax rate this year. “We are pleased we can keep the debt service rate at $0.36 this year. We are also hopeful that we will be able to hold at this rate as the maximum increase for the entire bond program,” said Paul McLarty, Deputy Superintendent of Business and Support Services. If his projections hold true, McLarty says the total tax rate increase may be closer to $0.0400 versus the voter-approved $0.1125, which is less than half of what voters approved.

On August 18, 2014 the school board will hold a public hearing to discuss the budget and proposed tax rate. The proposed tax rate is $1.04 for the Maintenance and Operations Fund and $0.36 for Interest and Sinking Fund also known as the debt service tax rate.