Elgin ISD budget and tax rate set, enrollment growth projected

During the most recent school board meeting, on Aug. 21, the Elgin ISD Board of Trustees approved a balanced general operating budget for the 2023-2024 fiscal year, in addition to setting the district’s 2023 tax rate.

The property tax rate was decreased by more than 18 cents, to $1.2257 per $100 valuation.

To continue paying off past bonds issued for district improvements and additions, trustees kept the debt service tax rate static at $0.4682 cents per $100 valuation, while lowering the maintenance and operations rate to $0.7575 cents per $100 valuation.

In addition, student enrollment was projected to be at 5,800 pupils this school year, an increase from the 5,404 of last year.

In 2009, enrollment was at a much smaller 3,995. Based on spring demographic projections, Elgin ISD is anticipated to grow to over 10,000 students by the 20302031 school year.

Total general operating revenue for the 2023-24 fiscal year is estimated at $61,644,000.