Tax Information

Financial Responsibility

If the Boyd ISD bond referendum passes, there will be a tax rate increase of $0.2750 .

How is Boyd ISD’s tax rate configured?

A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

A logo featuring a green bucket with a handle, filled with yellow liquid, and the letters 'M&O' in white on the front.
A dark green bucket with a yellow interior and the letters 'I&S' in white on the front.

What is M&O and I&S?

Maintenance and Operation (M&O) funds are primarily used for the ongoing operational needs of the district. These funds ensure that the schools can function on a day-to-day basis. They include:

  • Utilities

  • Supplies

  • Salaries

Interest and Sinking (I&S) funds are used for paying off debt incurred by the school district, typically for:

  • Construction of new school buildings

  • Renovation or major repairs of existing facilities

  • Purchase of large equipment or other capital investments

Voters 65+ and/or Disabled

If I have an approved homestead exemption, why will my ballot read “THIS IS A PROPERTY TAX INCREASE?”

Texas legislature passed laws in 2019 requiring all school bond elections to include the following language on the ballot: “THIS IS A PROPERTY TAX INCREASE.” The state mandates all bond ballots to include this language regardless of what individual exemptions each voter may have. The passage or failure of this bond will NOT impact your school district tax rate.