The Denton ISD Board of School Trustees voted unanimously to call a Tax Ratification Election (TRE) to keep local tax dollars for public education local and increase funds the district receives from the state.The TRE will not increase the current ad valorem tax rate of $1.54. Voters are being asked to increase the maintenance and operations (M&O) portion by two cents, while the Board of Trustees will decrease the debt service (I&S) portion of the tax rate by two cents.What is the impact of the TRE on you and the community?
- Regardless of election results, the average Denton ISD homeowner’s tax bill will increase by approximately $348 in 2017.
- The district would capture an additional $7.9 million in the M & O budget to support local students and teachers.
- The state’s level of funding per student has decreased $795 per student (when adjusted for inflation) since 2008.
- The TRE would not affect any Denton ISD homeowner over the age of 65 as their property tax is frozen.