Canyon ISD to hold a tax rate election for additional state money to the district

CANYON, Texas (KFDA) - An election to raise taxes for Canyon ISD could bring almost $3 million yearly to the school district.

In 2024, Canyon ISD's tax rate was $0.93. The proposed 2025 tax rate would add $0.03 to the district's tax rate.

In Canyon ISD there would be a $56 rise in taxes for the average home with the homestead exemption.

"The average home value in the school district is $304,000 and if that residence has $100,000 homestead exemption that was approved by the state then the taxable value is $204,000. And so, what it amounts to is $56 a year or about $4.71 per month on the average homeowner," said Dr. Darryl Flusche, superintendent at Canyon ISD.

If voters approve the tax rate in the November election, the state will provide additional funds to the district.

"From the local tax effort, we will increase our revenues to $2.1 million from the local effort. In addition to that, because of state funding formulas we are able to access nearly $3 million every year from the State of Texas that today we can not access," said Flusche.

The district plans on using the additional tax dollars to support and maintain student programs, add buses for additional bus routes and more.

"The plan for that would be first of all, the safety and security of enhancements that we must put in place by state law, such as an armed law enforcement officer at every campus. In addition to that, we want to make sure our salaries are competitive for our teachers and for our staff," said Flusche.

Last year, Canyon ISD's tax rate election was not approved by voters.

According to Canyon, state funding has not been adequate and with this election they are looking to partially reverse that loss.

Canyon ISD officials say the tax rate is currently the lowest it has been in 12 years.

Canyon homeowners will see this on the ballot in November.