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 PennySwap does not increase taxes. A loss in funding over the last few years due to state funding cuts and no increase to student enrollment has resulted in no increases to funding for our District.
If approved, the TRE will allow the District to continue to:
Friday, October 26, 2018 Last day to apply for a Ballot by Mail. (Received, not postmarked).
Friday, November 2, 2018 Last day of Early Voting.
Tuesday, November 6, 2018 Last day to receive a Ballot by Mail. Election Day at 7:00 p.m. if carrier envelope is not postmarked, or Wednesday, November 7, 2018 (next business day after Election Day) at 5:00 p.m. if carrier envelope is postmarked by 7:00 p.m. at the location of the election on Election Day (unless overseas or military voter deadlines apply).