Keller ISD will host a public town hall at 6 p.m. on Monday, April 2 at Fossil Ridge High School about the Tax Rate Swap & Drop plan that Keller ISD is exploring. This plan would generate additional revenue for the District while also lowering taxpayers' overall tax rate. 

Texas school districts tax rates are broken up into two separate rates – an Interest and Sinking (I&S) rate that funds the payment of debt from bonds that are used to build and maintain school buildings, and Maintenance and Operations (M&O) rate that funds everything else including programming, teacher salaries, and utilities. The M&O rate is currently capped at $1.04 per $100 property valuation, but can be raised to $1.17 with the community's approval. This is done through a Tax Ratification Election. 

Additional town halls will be held at the following dates and locations:

• 6 p.m. April 5, Central High School
• 6 p.m. April 9, Timber Creek High School

To learn more about the Swap & Drop plan, visit www.KellerISD.net/SwapDrop.