Required Tax Rate And Budget Information

Texas Senate Bill on Tax Transparency

POSTING OF TAX RATE AND BUDGET INFORMATION BY TAXING UNIT ON WEBSITE

• The following information is provided in accordance with the requirements of the Texas Tax Code Sec 26.18.
• The name and contact information of each member of the governing body of the taxing unit; The biographies and email addresses of each Board member. Board of Directors
• The mailing address, e-mail address, and telephone number of the District can be found at the bottom of every page of the District website.
• The District current year’s budget and preceding years budgets.  The budgets include changes in budget amounts and percentages from the preceding year, the amount of property tax revenues for maintenance and operations, the amount of property tax revenues for debt service, the current tax rate and tax rate history. Budget Documents
• The District’s audited financial statements.

TAX CODE DATA

Tax Code § 26.18 states that each taxing unit shall maintain an Internet website or have access to a generally accessible Internet website that may be used for the purposes of this section.

Each taxing unit shall post or cause to be posted on the Internet website the following information in a format prescribed by the comptroller:

1. the name of each member of the governing body of the taxing unit;
2. the mailing address, e-mail address, and telephone number of the taxing unit;
3. the official contact information for each member of the governing body of the taxing unit, if that information is different from the information described by Subdivision (2);
4. the taxing unit’s budget for the preceding two years;
5. the taxing unit’s proposed or adopted budget for the current year;
6. the change in the amount of the taxing unit’s budget from the preceding year to the current year, by dollar amount and percentage;
7. in the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for maintenance and operations for:
   1. the preceding two years; and
   2. the current year;
8. in the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for debt service for:
   1. the preceding two years; and
   2. the current year;
9. the tax rate for maintenance and operations adopted by the taxing unit for the preceding two years;
10. in the case of a taxing unit other than a school district, the tax rate for debt service adopted by the taxing unit for the preceding two years;
11. in the case of a school district, the interest and sinking fund tax rate adopted by the district for the preceding two years;
12. the tax rate for maintenance and operations proposed by the taxing unit for the current year;
13. in the case of a taxing unit other than a school district, the tax rate for debt service proposed by the taxing unit for the current year;
14. in the case of a school district, the interest and sinking fund tax rate proposed by the district for the current year; and
15. the most recent financial audit of the taxing unit.

Tex. Tax Code § 26.18