|Tax Ratification Election (TRE) Passed with 77% Approval - THANK YOU VOTERS!!!|
Posted Date: 10/08/2017
The North Hopkins Independent School District recent Tax Ratification Election passed with a majority vote of 77 to 25.
This North Hopkins TRE decision is estimated to generate an additional $250,000 per year from the state of Texas as a result of increasing the maintenance and operations (M & O) rate from $1.04 to $1.17 per $100 of taxable value, while decreasing 13 cents on the Interest and sinking (I & S) rate for taxpayers. This "swap" is a prudent strategy for our school to achieve financial gains of "big ticket" items such as transportation fleet upgrades, facility updates, and parking improvements for district events.