At the July 23, 2018 Board meeting, the Ennis ISD Board of Trustees approved a Maintenance and Operations (M & O) tax rate that must be approved by voters before it can be adopted by the school district. Therefore, the Board adopted an order calling for a Tax Ratification Election (TRE) to be held on SATURDAY, SEPTEMBER 8, 2018.
The passage of the TRE, coupled with a resolution passed by the EISD Board of Trustees, would effectively move 13¢ from the Interest and Sinking Fund (I & S) to our Maintenance and Operations Fund (M & O). This shift would generate approximately $800,000 in additional state funding yearly for the school district WITH NO INCREASE IN TAX RATE FOR THE EISD TAXPAYERS.
WHAT IS A TRE?
A district that adopts a tax rate above its maximum M & O tax rate must hold a Tax Ratification Election (TRE) to provide voters the ability to ratify the higher rate. If the proposition passes, the tax rate for the current year is adopted by the Board. If the proposition fails, then the Board may not adopt the new tax rate.
HOW WILL THE TRE AFFECT MY TAXES?
Regardless of the outcome of the TRE, the tax rate for taxpayers in the EISD WILL REMAIN THE SAME AT $1.54 per $100 of property value. If the TRE is approved, the shift in the M & O and I & S tax rates will generate an additional $800,000 in state funding yearly for the district. If the TRE fails, the tax rate WILL REMAIN AT $1.54 and no additional funding will be received.