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The board work study agenda includes discussion and consideration of adopting the 2026-2027 Maintenance and Operations Tax Rate and the 2026-2027 Debt Service Tax Rate.
On August 31, 2026 trustees adopted a 2026 tax rate of $0.76370 per $100 valuation. The minutes describe it as exceeding the no-new-revenue rate, an effective 2.298% increase.
For 2026-27 the district proposed keeping its tax rate at $1.2252 per $100 of value. Because the median home value rose from $118,580 to $130,590, the estimated school tax bill on that home goes from $1,453 to $1,600, about 10% more.
On August 31, 2026 the board adopted the 2026-27 budget and set the 2026 tax rate at $0.9128 per $100 of value: $0.6128 for operations and $0.3000 for bond debt. The budget page in the scanned minutes lists about $10.9 million in local revenue, $4.4 million from the state and $387,500 in federal money. All 7 trustees voted yes.
On August 31, 2026, the board voted 7-0 to adopt a total tax rate of $1.134804 per $100 of value: $0.7549 for maintenance and operations and $0.379904 for debt. It also adopted the 2026-27 general operating budget.
For 2026-27, the district proposed a total tax rate of $0.7382 per $100 of property value ($0.6128 for operations and $0.1254 for debt), down from $0.8366. Its estimate puts the typical homestead tax bill at about $623, up from about $613, because home values rose. The budget adopted on August 31 plans $4,398,864 in revenue and $4,326,876 in spending.
The August 27, 2026 agenda asked the board to adopt a balanced 2026-27 budget of $9,501,143 and a total tax rate of $0.828550 per $100 of property value: $0.748100 for operations and $0.080450 to pay off debt.
The board adopted the 2026-27 budget on August 27, 2026. At the July workshop staff projected about $4.8 million in general fund revenue and $4.7 million in spending, leaving about $50,000 after a cafeteria loss. The board kept its $446 monthly health insurance contribution, so employees pay $51 more a month. It also limited a $500 stipend for hourly staff to those earning less than a first-year teacher.
On Aug. 27, 2026, the board adopted a 2026-27 general fund budget of $138.8 million, up from $125 million in 2025-26, with revenue equal to spending. It plans for 12,231 students (up 12.5%) and adds about 67 teachers, 6 campus administrators and 10 transportation jobs. Teachers get a $2,000 raise (starting pay $64,000), and other staff get 3%. The tax rate falls slightly to $1.0528 per $100, from $1.0626.
On August 27, 2026 the board adopted the 2026-27 budget and a combined tax rate of $1.1454 per $100 of property value: $0.6754 for operations and $0.47 for debt payments. Earlier in August it approved an agreement to buy attendance credit from the state. Texas uses that option for districts with high property wealth, which send part of their local taxes to the state. The 2025-26 budget had been about $4.27 million with a planned $54,000 shortfall.
The 2026–27 budget plans a $7.35 million general-fund shortfall, up from $2.88 million in the prior adopted budget. It already counts $10 million in transfers and $3 million from a property sale.
On August 26, 2026 the board adopted a 2026-27 budget that plans $16,488,950 in spending but expects only $14,265,913 in revenue. That leaves a planned gap of $2,223,037, about 13% of spending. Total spending is down 3.83% from $17,144,963 the year before.
The district's 2026 budget and tax notice says the total taxable value of property fell from $993,780,490 last year to $826,991,506 this year, a drop of about 17%. The board kept the total tax rate the same, at $0.9769 per $100 of value.
The 2026-27 budget spends $6.4 million more than it takes in. That includes $2.5 million moved to construction. Savings would fall to about $22.0 million, down from $34.1 million in September 2025.
On August 25 the board adopted a 2026-27 budget that spends $169,291 more than it brings in. The first draft had a deficit of about $214,000. The total tax rate was set at $1.2204 per $100 of property value ($0.7954 for operations, $0.425 for bond debt), up from $1.1917 last year.
Olfen ISD proposed a 2026-27 tax rate of $0.84326 per $100 of value, up from $0.82910. The notice says the school tax on an average home would go from $398.27 to $719.50. A public meeting on the budget and rate was set for August 25, 2026.
The 2026-27 budget adopted August 24, 2026 plans $19.56 million in revenue and $20.52 million in spending, a $963,312 gap paid from savings. Enrollment fell from 1,524 in October 2025 to 1,492 in October 2026, and state aid follows attendance. Leaders told the board the reserve may fall below the 90 days of spending that TEA expects, and that cutting staff may be needed.
On August 24, 2026 the board set the total tax rate at $0.8128 per $100, down from $0.8692. The debt part stays at $0.20, twice the $0.10 needed for bond payments, so the district can pay off its $8.43 million in bonds faster. Taxable property value roughly doubled, to about $574 million, mostly from $321 million in new property.
The district proposed cutting its total tax rate from $0.90726 to $0.86373 per $100 of value. Because the average home's taxable value rose from $153,434 to $183,548, the district's notice says the average homeowner's school tax bill would rise $198.46, to $1,590.50.
On August 24, 2026, the board adopted a 2026-27 budget of $3,431,037 against expected revenue of $3,064,877, a gap of $366,160. It also set the tax rate at $0.7954 per $100, down slightly from the $0.8022 voters approved in 2025.
In August 2026, the superintendent reported that enrollment had fallen to 893 students, from 942 at the end of the last school year, and called the drop 'very concerning' for the budget. The district is studying why students leave and planned to share the results in October.
On August 17, 2026, the board approved year-end budget amendments to increase the expected deficits. The same night, the county appraisal district reported that certified property values had fallen because mineral values dropped, a trend it expects to continue.