AUSTIN (KXAN) -- The Lockhart Independent School District Board of Trustees on Monday evening adopted a new tax rate for the 2025-26 budget cycle, resulting in a decrease compared to last year's rate.

The board adopted a tax rate of $0.9396, which is a 1.5-cent decrease, even after the passage of a $93.5 million bond in May.

According to the school district, Lockhart ISD's interest and sinking (I&S) tax rate is remaining steady for the 6th year in a row, at $0.2577. The maintenance and operations (M&O) tax rate decreased from $0.6969 to $0.6819.

The district said the decrease came after legislative action that compressed the rate and the Texas Legislature approved a $40,000 increase to the homestead exemption.

The total appraised value of all property in the district also increased by

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