CHISD's Maintenance and Operations tax rate is set at 91 cents per $100 dollars of property value. The Interest and Sinking (I&S) tax rate is set at 11 cents per $100 of property value. This brings the total tax rate for CHISD to $1.02 cents per $100 of property value.

On Feb. 13, the CHISD School Board of Trustees voted to call for a bond referendum of 113 million dollars to appear before voters in May of 2023.

Approval of the bond will increase property tax rates by 27 cents. For example, a home valued at $100,000 would see an increase of no more than $13.53 per month if all three propositions are approved.

The proposed bond projects are designed to enhance safety, enable growth accommodation across the district and provide students with new facilities.

Texas school districts have three main sources of funding. For CHISD the tax breakdown is as follows:

• About one percent comes from federal programs and grants which are primarily focused on supporting disadvantaged students.

• About 53 percent comes from state revenue which are funds distributed to the district by the state, this is based on calculations that consider enrollment totals, student demographics, property valuation, and more.

• About 46 percent comes from local property taxes.

Local property taxes are divided and spent. When local property taxes are collected they are split into two separate funds: M&O and I&S.

M&O funds cover the day-to-day operations of the district including:

• Salaries

• Utilities

• Repairs

• Transportation Costs and More

  It's important to note that there are only enough M&O funds to cover the day-to-day expenses of the district.

I&S funds cover the debt payments from the construction of:

• New facilities,

• Renovations and Additions,

• Land Purchases and More