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Trinity Standard - Local News

Copyright 2017 - Polk County Publishing Company

 

Trinity I.S.D. calls for Tax Ratification Election
Trinity Standard -

 

By Dr. Johnk Kaufman

Trinity Independent School District is asking voters to approve a Tax Rate Ratification Swap on August 26, 2017, that will yield approximately $200,000 a year in additional state funding. This tax rate swap will not increase taxes, it is a method for the district to maximize state funding by redistributing the district's designated totals. The following information is provided for your review: Because of the successful passage of an $11.4 million bond election on November 8, 2016, the following tax rate will apply for school year 2017- 2018: Maintenance and Operations (day to day operations) -- $1.04 Interest and Sinking (bond payment) -- $0.25 TOTAL TAX BURDEN FOR OUR CITIZENS -- $1.29 The Board of Trustees has proposed the following rates: Maintenance and Operations -- $1.17 Interest and Sinking -- $0.12 TOTAL TAX BURDEN FOR OUR CITIZENS -- $1.29 Again, this redistribution will allow Trinity ISD to maximize state funding and generate approximately an extra $200,000 per year in state funding at no additional cost to taxpayers. For information on this special election please see the Order of Special Election announcement located on the Trinity I.S.D. website or in this week's paper. Feel free to contact Dr. John Kaufman, Superintendent of Schools, Trinity ISD if you have any questions. He can be reached at jkaufman@trinityisd.net or 936-594-3569 ext 1001. Required Public Notice Pursuant to Texas Tax Code §26.06(b)(2) TRINITY ISD ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE THE TAX RATE WILL EFFECTIVELY BE RAISED BY 8.65% FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $113.00.

 

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