What impact does equalization have on CFISD?
When property values rise, the district receives the additional revenue. Yet, under equalization, CFISD loses that amount in state aid. Our schools do not benefit from our local taxpayers’ larger tax bill — the state does. The total amount of educational funding that the district receives remains the same. Only an increase in the property tax rate can provide continued funding for educational programs. However, the district’s Maintenance and Operations Tax rate cannot be increased again under the current system. For the past two years, the CFISD Board of Trustees voted on a M&O Tax rate of $1.50, which is the state cap.
