BY HALEY VELASCO
What else?
Stay tuned
If the bond isn’t passed, Berger said it could mean possibly having to request another tax rate increase. Depending on how the board responds to the bond’s failure, the I&S tax rate might go down. If this occurs, options for the board include: • Using the current rate to pay off existing debt • Lowering the tax rate and keeping existing debt • A combination of the first two options
PISD officials said the district’s property tax rate will not be affected by the bonds if they pass, as the current rate of $1.1373 per $100 valuation can pay for them. The tax rate is made up of the district’s M&O rate and its interest and sinking, or I&S, rate. The I&S rate helps the district pay off its debt as well as take on more of it, such as through bonds, Berger said in a video from the district’s website.
In the time leading up to the May 4 election, Berger said he is urging voters to become knowledgeable of both bond propositions. The district’s website has a section for information about the bond proposition, and it offers an option for residents and organizations to request a bond presentation from district officials. “As a school district, we are not advocating one way or the other. We are just trying to present the facts and allow the voters to use their voice on May 4,” Berger said.
PISD tax rates*
M&O I&S
Neither proposition, if passed, is expected to increase the tax rate.
$1.4156
$1.3956
$0 $0.3 $0.6 $0.9 $1.2 $1.5
$1.3185
$1.3152
$1.3027
Feb. 13: Board approved bond election April 22-30: Early voting for May election May 4: Election day May 14: Results are canvassed DATES TO KNOW
$1.1373
$0.3556
$0.4256
$0.3481
$0.3956
$0.4256
$0.3481
$1.06
$0.97
$0.8929
$0.9196
$0.9546
$0.7892
SOURCE: PEARLAND ISD/COMMUNITY IMPACT
2019
2020
2021
2022
2023
2018
*PER $100 VALUATION OF A HOME
SOURCE: PEARLAND ISD/COMMUNITY IMPACT
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PEARLAND - FRIENDSWOOD EDITION
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