Chisum ISD trustees approve higher debt-service tax rate for 2026

The Board of Trustees of the Chisum Independent School District adopted a resolution on Aug. 27, 2026, approving an interest and sinking (I&S) tax rate of $0.4221 per $100 valuation for tax year 2026. The districts designated officer had calculated the minimum debt-service tax rate at $0.365290 per $100 valuation; the proposed rate exceeds that minimum by $0.056810 per $100 valuation.

The resolutions motion text states: "I move that the Board of Trustees approve an interest and sinking fund tax rate of $0.4221 per $100 valuation for tax year 2026. The Board finds that the District's minimum debt service tax rate is $0.365290 per $100 valuation, that the proposed rate exceeds the minimum debt service tax rate by $0.056810 per $100 valuation, and that the additional revenue generated by the proposed rate will be used for lawful debt service purposes, including: early defeasance or retirement of outstanding bonded indebtedness; establishment or maintenance of prudent debt service reserves; mitigation of future tax rate volatility." The Board recorded that the resolution was adopted by at least 60% of its members, as required by Texas Tax Code §26.05(a-1); the exact vote tally was not specified in the resolution.

The resolution took effect immediately upon adoption. The document is attested by Secretary James Weems. The text identifies the governing body as the Board of Trustees of the Chisum Independent School District and cites Texas Tax Code §26.05(a-1) and Texas Education Code §44.004(c)(5)(A)(ii)(b) as legal authority for the action.