Budget

As part of the budget planning process, presentations are made to the Carrizo Springs CISD Board of Trustees, schools, central office departments, and other stakeholders in the district.

Board workshop presentations are presented by the Executive Director for Financial Services. These presentations are used not only to target specific information but also to help inform and educate groups on how the school district is funded and how financial decisions impact the district.

Taxes

There are two tax rates set for school districts in Texas. Maintenance and Operation (M&O) is the rate applied to the tax base to support the General Fund budget. Interest and Sinking (I&S) is the rate applied to the tax base to cover debt service for the bonds approved by the taxpayers. The M&O tax rate is subject to recaputre, but the I&S tax rate is not. For information about how property taxes are collected in Dimmit County, vist the Dimmit Central Appraisal District website.

Recapture

Passed by the 86th Texas Legislature in 2019, House Bill (HB) 3 made substantial changes to the Carrizo Springs CISD's Chapter 49 (previously Chapter 41) recapture payment. House Bill 3 amended the Education Code to transfer certain sections from Chapter 41 to Chapter 49, and revised formulas used to determine excess local revenue under the FSP by adding Subchapter F, Chapter 48, Education Code, Section 48.257, Local Revenue in Excess of Entitlement. Texas Education Code, Chapter 49, provision recaptures local tax dollars from property-rich districts and redistributes the funds to property-poor districts; often referred to as “share the wealth” or “Robin Hood” plan.