TRE Early Voting Begins on September 21

Early voting will begin on Monday, September 21, 2015 in the Brownsville ISD Tax Ratification Election (TRE). Local voters will have an opportunity to decide whether to approve a measure to restructure the tax rate by moving .11¼ cents from the Interest & Sinking (I&S) fund that pays for debt to Maintenance & Operations (M&O) that pays for day-to-day operations. The total tax rate will remain the same at $1.15¼ as presented and approved in the budget at the June 25, 2015 BISD Special Called Board Meeting. The restructuring would not impact the total tax rate but would bring an additional $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 school security. Moving the .11¼ cents to the M&O will generate more revenue because it is weighted at a higher level than the I&S. View the release.