Tax Rate Swap & Drop
The Keller ISD Board of Trustees has called a Tax Ratification Election to generate additional revenue for the District while also lowering taxpayers' overall tax rate – it's a Tax Rate Swap & Drop.
The Tax Ratification Election is asking voters to allow Keller ISD to raise the District's Maintenance & Operations tax rate by $0.13, which the Board would then 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 take place August 22 through September 4 with Election Day set for Saturday, September 8.