CLINT ISD TRUSTEES CALL TAX RATIFICATION ELECTION
Clint ISD Board of Trustees at its regular meeting on August 30, 2018 adopted an order calling for a tax ratification election (TRE) to be held November 6, 2018. Clint ISD voters will be asked to ratify the new Maintenance and Operations (M&O) tax rate of $1.170000.
The proposed TRE will not increase the current tax rate of $1.406600. The TRE, commonly known as a penny swap, moves pennies from one side of the tax rate to the other. The Clint ISD TRE will allow the district to move 13 pennies to the Maintenance Operations (M&O) side of the tax rate from the Interest and Sinking (I&S) side. Voter approval is required to swap the pennies.
No matter the outcome of the TRE, the total tax rate for taxpayers in Clint ISD will remain the same at $1.406600. If the TRE is voter approved, the 13 cent swap will generate an estimated $3M or more in state funding for the District, and the total tax rate will remain the same. If the TRE is not approved, the total tax rate will remain the same but no additional state funding will be generated.
Why does Clint ISD need a TRE? Clint ISD does not want to increase taxes, and this TRE or Penny Swap does not increase taxes. A loss in funding over the last few years, because of state funding cuts and no increase in enrollment, results in no increases to funding for our District.
If approved, the TRE will allow the District to continue to:
- Fund and improve student programs
- Make safety and security improvements
- Continue to upgrade and increase technology
- Repair and improve existing facilities
- Retain and attract great staff
Our student, Jazmyne Briones, a senior at Horizon High School designed our TRE logo. We are very proud of her and appreciate her creativity!