BISD to Hold Tax Ratification Election

At the meeting on August 4, 2015, the BISD Board of Trustees voted to call a Tax Ratification Election (TRE) in order to maximize state funding for the district. The BISD tax rate will be restructured. The district must get voter approval to move .11¼ cents from the Interest & Sinking Fund (Debt Service) to Maintenance & Operations. The total tax rate would remain the same at $1.15 ¼ as presented and approved in the budget at the June 25, 2015 BISD Special Called Board Meeting. If the TRE is approved, it will generate between $5 to $6 million net per year in additional state funding to be used for one-time expenditures to improve, repair, and expand district facilities and enhance security. Learn more about the TRE here.