NO TAX RATE IMPACT

If voters approve the bond, there will be NO tax rate impact.

Sample Ballot

This requirement was a part of new laws coming from Austin after the legislative session in 2019. The Texas legislature wanted the ballot language to be clear, that voted bonds were the method that we use to finance school construction. Paying for these voted bonds requires tax revenues.

There will be no tax rate increase associated with this bond but will continue the existing tax rate. The new law requires every district in Texas to include this language on the ballot, regardless of the expected tax rate to be set.

If there is NO TAX RATE INCREASE, why will the ballot read “THIS IS A PROPERTY TAX INCREASE”?

How is Anna ISD’s tax rate configured?

A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.