Dallas County is looking to give homeowners a tax cut…Dallas Independent School District is asking the citizens of Dallas to vote on a tax increase!
I think it’s worth it. Here’s an explanation why, taken from this month’s DMagazine…
“With the news that Dallas ISD will ask voters to approve a tax hike in November, the most important election of my lifetime has somehow become even more so. On Friday, when it was announced that DISD trustees will soon discuss a 13-cent increase and the required Tax Ratification Election, or a TRE, the first reaction from a lot of people was: “Seriously?” The idea being that property taxes are already going up so much that the middle class feels like it’s being stretched pretty thin.
“You are, and that feeling is totally understandable. Which is why it’s so crucial that you understand three things:
1. The structure of this tax increase is very innovative, giving voters the opportunity to line-item their votes, and putting measures in place that will allow voters to sunset the tax increases in six years if student improvement metrics aren’t met.
2. Texas property taxes may be the fifth-highest in the nation, but your school district tax rate is shockingly low. Don’t conflate the two. It’s why the district needs money, and it’s why hundreds of districts around the state are asking for or preparing to ask for TREs themselves. More than half (28 of 55) of the area ISDs have recently passed TREs, and 24 of those approved the maximum $1.17 tax rate per $100 of value, which is the maximum allowed by state law. (For example, Frisco ISD is also asking for a 13-cent raise in its TRE vote next month.)
3. The money will be used to support high-quality pre-K, teacher pay, and early college programs. The benefits of each of these programs/initiatives is significant to students, parents, neighborhoods, and the city at large.”
Read more about it here…
What do you think?