2019 ORDINANCE TO SET TAX RATE
On this date, we, the Board of Trustees of the Kaufman Independent School District, hereby levy or set the tax rate on $100 valuation for the District for the tax year 2019 at a total tax rate of $1.4483 to be assessed and collected by the duly specified assessor and collector as follows:
$ 1.0683 for the purpose of maintenance and operation, and
$ .38 for the purpose of payment of principal and interest on debts;
Such taxes are to be assessed and collected by the tax officials designated by the District.
THIS RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.38% PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $19.88
Kaufman ISD is committed to an open line of communication with the community regarding how your tax dollars are allocated and expended.
Kaufman ISD's fiscal year begins on September 1st, and ends on August 31st. Each year, KISD's financial statements are audited by an independent firm. Below are the annual audit reports of those financial statements. For additional information please visit The Texas Comptroller Website at https://comptroller.texas.gov/
A school district budget is divided into two main funds:
- Maintenance and Operations (M&O)
- Interest and Sinking (I&S)
Money in the maintenance and operations fund can be used for daily operations (i.e. salaries, supplies, utilities, etc.). Money in the interest and sinking fund is used to repay bonded indebtedness.
FIRST stands for “Financial Integrity Rating System of Texas.” It is the annual rating performed by the Texas Education Agency to test the financial performance of school districts.
The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes. The system will also disclose the quality of local management and decision-making processes that impact the allocation of financial resources in Texas public schools.