Trinity I.S.D. will hold a tax ratification election Saturday, Aug. 26, to seek voter approval for redistributing a portion of the tax rate designated to retire debt to maintenance and operations.
Voting will be conducted from 7 a.m. to 7 p.m. in the Trinity ISD Administration Building.
Currently, the district's combined tax burden is $1.28 per $100 in value, with $1.04 going to maintenance and operations and 25 cents allocated to interest and sinking.
Maintenance and operations fund daily operations at the district.
Interest and sinking is the amount required to make TISD's bond payments, and retire debt incurred for capital improvements.
"Presently, we are leaving over $200,000 a year on the table by not re-distributing our tax rate," said TISD Superintendent Dr. John Kaufman.
Redistributing those tax dollars allows Trinity ISD to obtain additional state funds.
If voters approve the redistribution, the M&O rate will be $1.17 and the I&S rate will be 12 cents, keeping the total tax rate of $1.29.
"Taxes will not increase as a result of this tax swap," Kaufman said.
The election is necessary because state law requires an election be held when any taxing entity exceeds its rollback tax rate. TISD's threshold is $1.04.