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School board approves tax rate, sets budget

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The Elgin ISD Board of Trustees on Monday, August 15 approved a tax rate decrease and formally adopted the budget for the coming school year.Both the rate decrease and the budget adoption were approved unanimously at the district administration building.Elgin ISD will operate with a 2022-23 fiscal year budget that includes $72.2 million in total expenditures across three funds. The district is anticipating $72.45 million in total revenue in these same funds, leaving $221,783 in excess funding.   The tax rate drop consisted of a lowering of the district’s maintenance and operations rate from 96.03 cents per $100 property valuation to 94.29 ...

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