SMCISD Board of Trustees to consider tax rate during regular meeting

The San Marcos Consolidated ISD Board of Trustees will consider approving a no new revenue tax rate during its regular meeting Monday.

The board will discuss and take action on approving a proposed no new revenue tax rate of $1.170782 of valuation.

A no new revenue tax rate formula assumes that if property values increase, the tax rate should decrease to create the same amount of revenue as it did before, according to the Texas Comptroller’s office.