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MCDADE — Residents can learn more about proposed tax increases in meetings starting late this month.
On March 30, McDade Independent School District will host the first of three meetings about their bond election coming up in May. The meeting will be at the McDade High School Street on Marlin Street. Two more meetings will be on April 6 and 13.
MISD’s board unanimously approved calling for a bond election for three propositions during the Feb. 16 meeting. Planned building improvements, land purchases and the school’s septic system are the subjects of the propositions.
“This process has been a community effort over the past 18 months with a bond facility planning committee,” notes MISD’s legal notice signed by Superintendent Heather Stidham. “The committee included citizens, community leaders, board members, teachers, and parents. The committee dedicated several months to data collection, evaluations and planning to put this bond package together.”
According to staff, MISD’s financial advisor determined the three props could be financed with an interest and sinking tax rate increase of 44.86 cents per $100 valuation. To put in perspective, a home valued at $100,000 would have a tax rate increase of $22.43 per month.
The three propositions are as follows:
• Proposition A — construction, renovation and rehabilitation of the district’s septic system and transportation facilities, which alone would be a $0.1272 tax rate increase per $100 valuation;
• Proposition B — construction, renovation and improvements to school buildings, which alone would be a $0.2776 tax rate increase; and
• Proposition C — purchase of land for future school buildings, which alone would be a $0.0438 tax rate increase.
“We are asking every citizen to be educated about the bond. It is important to have your voice heard during this election,” said district staff.
Early voting will be April 24 through May 2. Election Day is May 6.
McDade ISD ordered a bond election last November for the first time in 20 years. The props, which included $25 million in building bonds and a property tax rate increase of $1.026 per $100 valuation, failed to pass in the election.
For more information, contact Stidham at [email protected] or visit https://www.mcdadeisd.com.
