The ballot for the Tax Ratification Election is shown below and its wording is prescribed by law. The ballot reads:
"Approving the ad valorem tax rate of $1.67 per $100 valuation in Eagle
Mountain-Saginaw Independent School District for the current year, a
rate that is $.13 higher per $100 valuation than the school district
rollback tax rate."
Why does the ballot show a tax rate of $1.67 when everything else says the tax rate will remain at $1.54?
We are required by law to word the ballot as it reads above. The ballot shows a total tax rate of $1.67, which is an increase of $.13 in the Maintenance and Operations (M & O) tax rate. However, the Board of Trustees adopted a resolution at the June 17 Board meeting that should the TRE pass, the Interest and Sinking (I & S) tax rate will be lowered by $.13 to offset the increase in the M & O rate. This shift will keep the tax rate at $1.54 for the 2013-2014 school year.