On August 7th during the regularly scheduled board meeting, the Forney ISD proposed to their Board of Trustees a tax rate increase for the maintenance and operations (M&O) to be put on the November 7, 2023 ballot. Due to changes in the Texas state homestead exemptions and school district tax compression changes recently approved in Austin, the school district is requesting the increase in the tax rate for their M&O. The requested rate will be $0.12, the maximum allowed per year by the state of Texas. The Forney ISD website now has the required notice posted and the portion from the agenda are both posted below.
In 2018 and 2022, Forney voters approved new bonds for the Forney ISD totalling approximately 2 billion dollars.
Agenda link is here.
This is a developing story and All Things Forney will post more information as it is presented.
