Education
BY ELISABETH JIMENEZ
What’s next for the AISD tax-rate increase About 58% of Austin voters approved a tax-rate increase that aims to bring in additional revenue for Austin ISD amid a $119 million budget de cit. The gist The scal year 2024-2025 tax-rate will increase to $0.9505 per $100 valuation, a $412 yearly increase in property taxes for the average homeowner, o cials said. What’s next District o cials project an additional $171 million in revenue. AISD will lose around $130 million to recapture payments. There will be additional budget cuts of around $92 million over the next three years, according to district o cials.
AISD campus set to be leased or sold for revenue Austin ISD o cials deemed a former school campus as surplus on Oct. 24, paving the way for o cials to monetize the campus through the lease or sale of the 4.62 acre tract of land. How we got here The original Rosedale School, which opened in 1939 to serve special education students, vacated in 2022 due to the school’s outdated infrastructure. Law enforcement agencies began using the former Rosedale location as a training facility in February 2024. Why it matters The approval of the resolution comes in the midst of a $119 million budget de cit at AISD and uncertainty about a tax rate election to combat the de cit.
The former Rosedale School building was vacated in 2022 and has been used as a law enforcement training facility since February 2024.
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Former Rosedale School
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