The Hempstead ISD Board of Trustees unanimously approved the adoption of a tax rate of $1.1367 for the 2022-2023 fiscal school year, during the August 30 board meeting. $0.1938 cents for the Interest and Sinking fund and $0.9429 cents for the Maintenance and Operation fund. This is a reduction of more than 22 cents since 2018 and 1.47 cents from last year.
During the special board meeting, the Board also approved a balanced general operating budget for the 2022-2023 school year. The general operating budget for the upcoming school year will be $18,416,615, a 2.65 percent increase from the 2021-2022 budget. The budget recommendation was made by Amy Carter, Chief Financial Officer, and was unanimously approved by Hempstead ISD Trustees.