Education
BY SIERRA MARTIN
NBISD voters favored 3-cent addition to tax rate Nov. 7
New Braunfels ISD Tax Rate Now that the VATRE and State Proposition 4 were approved, the property tax rate in NBISD will be 15.35 cents lower than last year’s rate, according to NBISD.
Alongside voting on 14 constitutional amend- ments, residents living in New Braunfels ISD cast their ballots for or against a voter-approval tax rate election, or VATRE, Nov. 7. Based on unofficial results from Comal and Guadalupe counties, voters support the VATRE proposition with 51.97% for and 48.03% against. “The community has cast their ballots, and their voice has been heard, and your support of public education in New Braunfels ISD does not go unnoticed,” NBISD Superintendent Laurelyn Arterbury said. “Thank you for entrusting us with your children and for giving us an opportunity to continue to provide quality education here in New Braunfels ISD.” The details Due to the VATRE narrowly being passed by voters, the tax rate for fiscal year 2023-24 will be a $0.1535 reduction from the tax rate approved by the board last year, compared to an $0.1835
reduction if voters chose to reject the proposition. This is made possible with the passage of Prop- osition 4 this year, a constitutional amendment that will authorize the Legislature to establish a temporary limit on appraised property value. The VATRE was brought before voters to balance the district’s budget and add 3 cents to the district tax rate. Without approval, NBISD would be facing a $4.5 million shortfall; with approval the district would see a $2 million shortfall. Going forward, district officials plan to propose the use of the general fund balance to make up the difference in the budget, according to NBISD’s Chief Financial Officer Paul McLarty. Zooming in The 3 cents of the tax rate of $1.0419 per $100 valuation will fund staff raises and programs. The Legislature’s $18 billion tax relief package will allow taxpayers to see a 14.63% decrease in their tax bills.
Interest and sinking Maintenance and operations
$0.33 $0.33 $0.33 $0.34 $0.33 $0.34
$1.04
2018-19 2019-20 2020-21 2022-23 2021-22 2023-24
$0.97
$0.9
$0.85 $0.87
$0.7
$0 $0.3 $0.6 $0.9 $1.2 $1.5
SOURCE: NBISD/COMMUNITY IMPACT
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