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From Stephenville ISD Superintendent Matt Underwood:
Early Voting Begins Monday
The Stephenville ISD Board of Trustees has approved a Tax Ratification Election (TRE) to be held on Tuesday, November 3rd. Early voting begins on Monday and will be available until Friday, October 30th at the Erath County Courthouse from 8:00 a.m. to 5:00 p.m. weekdays.
A Tax Ratification Election sounds complicated, but it’s actually very simple.
The Stephenville ISD tax rate is made up of 2 components:
- The Maintenance and Operations side (M&O)
- This part of the tax rate pays for our day-to-day operating expenses such as utility costs, payroll, supplies, textbooks, etc.
- And the Interest and Sinking side (I&S)
- This part of the tax rate is used to pay our Bond debt.
The Board of Trustees is asking voters to consider moving 13 cents from the I&S side of the tax rate to the M&O side. Our tax rate is currently $1.2349, and if the TRE is approved by voters, it will still be at the $1.2349 rate because this is just a swap… it’s literally moving 13 cents from the I&S side to the M&O side.
Dublin ISD is also moving forward with this strategy in the November election, and Comanche ISD voters approved a TRE on September 12th. Weatherford ISD voters approved this strategy in 2010.
Election Day Voting
Tuesday, November 3
Hours: 7:00 am – 7:00 pm
Erath County Courthouse
100 W. Washington
Centurylink Telephone Office
1505 W. Frey
Texas Bank
988 Wolfe Nursery Road
Dublin County Annex
219 S. Grafton
Dublin, TX
Below is a chart explaining how Stephenville will have the exact same tax rate if voters approve a tax swap in the upcoming tax ratification election.
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