At its regular meeting on August 30, 2018, Clint ISD Board of Trustees 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.
Officials with Clint ISD shared, “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 due to state funding cuts and no increase to student enrollment has resulted in no increases to funding for our District. ”
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.
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
Additional information will be posted on the District website, and social media pages.