PROPOSITION A
Sustaining quality teachers and staff Sustaining student success Sustaining community investment
What is Katy ISD’s Tax Rate Election (TRE)? It’s an election to generate additional revenue through the existing school district tax rate for the purpose of funding teacher and staff pay raises. How are school districts funded? School districts generate funding from revenue streams that include: local property taxes, state allocated funding, and a very small portion of federal dollars. The Interest & Sinking (I&S) Tax Rate ($0.3900) funds payments on the debt service and can only be used to finance school building and capital improvement projects. The Maintenance & Operations (M&O) Tax Rate ($0.9617) funds teacher and staff pay, classroom materials, and operational costs like student transportation and utilities. Together, these two rates are known as the school district tax rate and total $1.35.
If voters approve the TRE, Katy ISD teachers and staff would see an immediate pay raise.
How is teacher and staff pay funded? T eacher and staff pay is funded by the M&O Tax Rate.
Will my tax rate increase with a TRE? No. The state wants school districts like Katy ISD to reduce the M&O portion of their school district tax rates. Katy ISD taxpayers are being asked to SUSTAIN the current school district tax rate. How would funds from the TRE be used? Funds generated by the TRE would be used exclusively for teacher and staff pay raises so Katy ISD can remain competitive with neighboring districts and keep high quality teachers and staff right here, in Katy.
$1.35 School District Tax Rate Before & After Election
$0.96 M&O
$0.39 I&S
VOTING INFORMATION Last Day to Register to Vote: Oct. 11 Early Voting: Oct. 24 - Nov. 4 Election Day: Nov. 8 More information here: bit.ly/KISDTRE
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