Tax Rate Swap & Drop
Keller ISD voters approved a Tax Ratification Election on Saturday, September 8, that will generate additional revenue for the District while also lowering taxpayers' overall tax rate – it's a Tax Rate Swap & Drop.
The Tax Ratification Election asked voters to allow Keller ISD to raise the District's Maintenance & Operations tax rate by $0.13, which the Board has offset by lowering the District's Interest & Sinking tax rate by $0.14. The end result is a $0.01 drop in KISD's overall tax rate, but by "swapping" the pennies to Maintenance & Operations, Keller will bring in an additional $19 million in annual net operating revenue.
Early Voting will took place August 22 through September 4, and Election Day was Saturday, September 8.
Thank you to everyone who took time to get informed on the TRE and headed to the polls to cast their vote!