Taxable values in the county are expected to rise by 38% for the 2022 tax year. Despite the increase, LISD says it does not realize additional revenues for operations. Rather, the district's Chief Financial Officer Elaine Cogburn detailed $7.2 million in budget cuts identified by administration.
The district says this kind of tax rate management is possible due to the historic rise in property values in Williamson County. The overall tax rate could be reduced, but would require a Voter-Approval Tax Rate Election . The LISD Board will ultimately decide the tax rate in August, to set the stage for a November election, says the district.
LISD Superintendent Bruce Gearing, Ed.D., says the district will move froward with plans to open the Early College High School and Virtual Learning Academy in Fall 2022.LISD says it will end contact with ESS for the hiring and placement of substitute teachers to reduce costs. The Board approved the move to hire and onboard three positions to manage the program internally. Chief Human Resource Officer Karie Lynn McSpadden assures the efforts to make this transition will be as smooth as possible.
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