FINANCIAL IMPACT

Public schools in Texas operate on two separate budgets:

  1. Maintenance & Operations (M&O), used for daily operations such as utilities and teachers’ salaries.
  2. Interest& Sinking (I&S), which pays for capital debt, new construction, and renovations.

In order to fund the I&S budget, our schools rely on the support of local tax payers to finance the design, construction, expansion and renovation of facilities.

77
of the bond will be paid from energy sector versus local property owners

LOWEST TAX RATE IN THE REGION

MWPISD has had the same tax rate for 13 years, which has been one of the lowest tax rate among its 12 peer districts. This is only the second time in District history that the community has held a bond election for facilities.

The District is a Chapter 41 recapture district (Robin Hood), sending more than $30 million dollars back to the state since 2005.  Over the next three years the district will lose about $12.7 million due to recapture.

ESTIMATED TAX IMPACT ON THE AVERAGE HOME

Taxpayers 65 and over who have applied for and received the Over 65 Homestead Exemption will see NO TAX INCREASE over their frozen amount.