Update: Voters in the Carroll school district begin early voting Wednesday, Aug. 29 in the CISD Tax Ratification Election. The start date was incorrectly publicized due to a miscommunication, according to the district.
CISD recently passed their 2012-2013 budget is based on a tax rate of $1.42 per $100 of assessed property value. That rate includes a 1.5-cent drop in the debt-service tax rate and a 2-cent increase in the maintenance and operations tax rate.
An election was triggered because the school board is considering raising the maintenance and operations portion by 2 cents. If voters approve the tax rate increase, residents with an average home value of $467,580 would see a net tax rate increase of about $25 per year.
If the proposal is rejected, the tax rate would be
The proposed increase is expected to generate about $1.1 million to help reduce a $3.9 million budget shortfall for fiscal year 2012-13. Even with the TRE dollars, Carroll faces a budget shortfall of about $2.8 million.