Burleson ISD Board of Trustees Approve Resolution to Set the Tax Rate, Call for Tax Ratification Election

BURLESON, Texas (March 28, 2017) – The Burleson Independent School District (BISD) Board of Trustees voted to raise the maintenance and operations (M&O) tax rate by 13 cents, calling for a tax ratification election (TRE).

 

Trustees approved the call for a TRE at the March board meeting, after moving forward on an $85 million bond package in February, as recommended by a Facilities Advisory Committee comprised of nearly 60 community members, to determine the best way to address district growth and facilities’ needs.

 

Voters in the district’s attendance zone will be asked to consider two propositions on the May ballot:

  • Proposition 1:  Pertains to a Bond Referendum to authorize the district to spend funds on capital projects in the bond package
  • Proposition 2:  Pertains to a TRE or Tax Ratification Election. A TRE is provides additional Maintenance & Operations (M&O) dollars. The revenue will be used for capital projects.

 

If approved, the bond package and TRE would fund the renovation and construction needed to address the growth and overcrowding issues facing middle schools, add collaboration spaces and a multipurpose facility at Burleson High School, and make fiscally responsible renovations to the existing Kerr campus.

 

“Burleson ISD is expected to grow by 21% over the next 10 years, and the district will make fiscally responsible decisions in regard to facilities that manage the increase in student population,” Superintendent Dr. Bret Jimerson said.

 

District trustees voted to set the M&O rate at $1.17 per $100 of tax valuation, up from the current $1.04. A tax rate above $1.04 requires voter approval.

 

This tax rate will raise more taxes for maintenance and operations than last year’s tax rate. The tax rate will effectively be raised by 12.5 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $130.00.

 

Election day is May 6, 2017, with early voting running from April 24, 2017 through May 2, 2017. The election will be conducted jointly with the City of Burleson.

 

For information on the Burleson ISD bond and TRE, visit https://www.burlesonisdbondtre.net/.

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