TRE election day is Tuesday, October 6.
On Tuesday, October 6, 2015, local Brownsville voters will 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.
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