Rockdale ISD

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Tax Ratification Election (TRE)

 
ELECTION DAY
  • Tuesday, August 15, 2017
  • 7am-7pm
  • Rockdale High School, 500 Childress
 
EARLY VOTING
  • July 31-August 11
  • Monday-Friday, 8am - 4pm
  • RISD Administration Office, 520 W Davilla
 
 
SUMMARY
  • Overall tax rate remains the same at $1.36
  • Move 13¢ from Interest and Sinking (I&S) side of the tax rate to the Maintenance and Operations (M&O) side of the tax rate
 
  • Net change to overall tax rate = 0
 
ADDITIONAL FUNDING
  • The shift in tax rate will generate approximately $908,556 in additional funding for the school district with no increase in tax rate for the RISD taxpayers.
 
 
FAQs
 

Why does RISD need a TRE?

A loss in funding over the past few years has required Rockdale ISD to make staff cuts, as well as cuts in academic programs, athletics, building maintenance and transportation, in order to lower the budget by over one million dollars.

 

What is a TRE?

A Tax Ratification Election for Rockdale ISD would be a restructuring of the district’s current tax rate. There would not be an increase in the tax rate. In order for a district to adopt a tax rate above the maximum M & O tax rate of $1.04 it must hold a Tax Ratification Election (TRE) for the voters to ratify that rate.

 

What will the new tax rate be, and how will it impact me?

 

Prior Year (2016)

Tax Rate

Proposed

(2017)

Tax Rate

Maintenance & Operation (M&O)

$ 1.04 

$ 1.17

Interest & Sinking (I&S)

$ 0.32 

$ 0.19

   Total

$ 1.36

$ 1.36 

 

Even with this proposed change, your tax rate will not change.

 

How will the TRE affect my taxes?

No matter the outcome of the Tax Ratification Election, the tax rate for taxpayers in Rockdale ISD will remain at $1.36 per $100 of property value. If the TRE is approved, the shift in the M & O and I & S tax rates will generate an additional $908,556 for the district. If the TRE is not approved, the tax rate will remain at $1.36 with no additional funding created.

 

How does a TRE bring in more money for the district if the tax rate is the same?  

While the state contributes money on the I&S side of taxes, it contributes more on the M&O side; and if a district passes a TRE to swap pennies from the I&S side to the M&O side, the district receives even more in state aid.  The tax swap provides a way to increase our funding from the state without having the taxpayers pay any more.

 

What will you do with the additional money?

Voter approval of this ratification election will generate approximately $908,556 which will be used for staff, maintenance, athletics, and transportation.  The monies will be used to help offset the operating budget, which the district has been forced to cut by over one million dollars in the past three years due to reductions in state and local funding.

 

What if I am 65 or older and my taxes are frozen?

The TRE will not affect the tax rate for those over 65.

 

The wording on the ballot looks like the tax rate is going up...

Do not let the ballot wording deceive you. The wording on the ballot for the Tax Ratification Election is prescribed by law. The ballot reads:

 

“Approving the ad valorem tax rate of $1.49 per $100 valuation in Rockdale Independent School District for the current year, a rate that is $0.13 higher per $100 valuation than the school district rollback tax rate.”

 

While it looks like the tax rate is going up by $0.13, the RISD Board of Trustees passed an ordinance on May 17, 2017 which if the TRE passes, moves the $0.13 from the Interest and Sinking Fund (I & S) to our Maintenance and Operations Fund (M & O). This makes the overall tax rate $1.36. This shift would generate approximately $908,556 in additional state funding for the school district with no increase in tax rate for the Rockdale ISD taxpayers.