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original Rosedale School, which opened in 1939 to serve special education students, vacated in 2022 due to the school’s outdated infrastructure.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.
ELLE BENT COMMUNITY IMPACT
Former Rosedale School
$ 0 Closing Costs Interest Rate Buydown Turn Renting Into Owning + +
Give the Gift of Texas History!
©CMG Mortgage, Inc. dba CMG Home Loans, NMLS# 1820, is an equal housing lender. Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. Only available for a limited time and can be stop at anytime without notice. Only select homes and select communities are eligible. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and www.nmlsconsumeraccess.org. All loans subject to credit approval and only eligible with CMG Home Loans, Brohn’s lender partner. This incentive only valid on select spec homes that are contracted on or after 11/19/2 4 and close by 12/20/24, while funds last, and finance with CMG Home Loans. . Offer is for a limited time only and can be stopped at any time and with no prior notice. Please see a Brohn Homes Sales Consultant for complete details. Flex cash offers vary per home and per community. The flex cash amount is contingent on the price of the home and only valid on participating homes and in participating communities. The flex cash can only be used in one of the four ways shown in this advertisement, including reduction in purchase price (not being less than base price of home) or applying towards closing costs, or long term rate locks or buying down the interest rate (specific interest rate and associated APR fluctuate on a daily basis and change due to individual situations). Offer may not be used with any other discounts, promotions or interest-only/buy-down and second lien products. This offer is subject to changes or cancellation at any time at the sole discretion of CMG Home Loans. Additional restrictions/conditions may apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines. Exterior home renderings are for representation purposes only and subject to change. The Brohn Group, LLC (DBA Brohn Homes) reserves the right to make changes to pricing, floor plans, specifications, features, materials, dimensions, and incentives without prior notice. Stated dimensions and square footages are approximate and should not be used as representation of the home’s precise or actual size. Copyright 2024 Clayton Properties Group, Inc. DBA in Texas as Brohn Homes. HomeWithBrohn.com | 512-580-8199 It’s the season to Rake in the Savings! Available on select homes, in select communities to get 10% FLEX CASH —use it to buydown your interest and apply any remaining funds to potentially eliminate closing costs.
1800 N. CONGRESS
13
SOUTH CENTRAL AUSTIN EDITION
Powered by FlippingBook