Tyler ISD: Employee Raises & Record Low Tax Rate

**Tyler ISD Board Approves 3% Staff Pay Raise, Lowest Tax Rate Since 1993**

TYLER, TX – The Tyler Independent School District Board of Trustees made significant financial decisions at its August 16 meeting, approving a 3% pay raise for all district employees for the upcoming 2024-2025 school year and adopting the lowest tax rate for Tyler residents since 1993.

The Board unanimously approved the 2024-2025 compensation plan, which includes a 3% pay raise for all Tyler ISD employees, encompassing both professional and auxiliary staff. Dr. Kathy Hampton, Chief Human Resources Officer, presented the plan, highlighting an estimated $4.7 million investment aimed at maintaining competitive salaries and retaining talent within the district. The pay increase will take effect at the start of the 2024-2025 school year.

Additionally, the Board approved a total tax rate of $1.0664 per $100 valuation for the 2023 tax year, following a public hearing held prior to the vote on August 16. This represents a substantial decrease from the 2022 tax rate of $1.1685, marking a reduction of $0.1021 per $100 valuation. District officials emphasized that this is the lowest tax rate for Tyler ISD since 1993.

The approved tax rate of $1.0664 includes the debt service portion for the 2022 voter-approved bond. It is comprised of a maintenance and operations rate of $0.7410 and an interest and sinking rate of $0.3254, which covers debt obligations.

For more information on Tyler ISD initiatives and financial transparency, visit the district's official website at www.tylerisd.org.