Almost a year after voters approved a 13-cent property tax hike in a Tax Ratification Election, the Dallas ISD board of trustees will discuss reducing the rate this Thursday.
In November, voters approved raising the rate from $1.04 to $1.17, the first increase since 2008. The agenda for Thursday’s regular meeting includes discussion of reducing the rate to about $1.06 per $100 valuation.
Specifically, the measure would set the maintenance and operation tax rate at $1.068350, and the debt service tax rate at 242035 cents, which winds up being about $1.31 per $100 valuation, a 3.26 percent decrease in the total tax rate.
“We appreciate the tax payers helping us out when we needed you and the state leg. for finance reform,” said trustee Miguel Solis on Twitter. “Proud to lower those taxes.”
In May, the Texas legislature passed sweeping education funding reform, which was signed by Gov. Greg Abbott with much pomp and circumstance. All 139 House members and all 30 state senators voted to approve House Bill 3, which included $6.5 billion in public education funding and teacher pay increases, and $5.1 billion to lower school district taxes. (more…)
