The 2018-2019 adopted tax rate is $1.55 per $100 of property valuation. $1.17 of the adopted rate goes toward the maintenance/operations component of the KISD budget. $.38 of the adopted rate goes toward the interest/sinking component of the KISD budget.
Kaufman ISD is committed to an open line of communication with the community regarding how your tax dollars are allocated and expended.
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.