School Funding Election
BH school board calls School Funding Election
The Barbers Hill ISD Board of Trustees voted unanimously Monday night to call a School Funding Election, or VATRE (Voter-Approval Tax Rate Election) on Nov. 7, which would allow the district to retain more tax revenue to continue the per pupil expenditures that have produced the results Barbers Hill is known for while decreasing the tax rate to the lowest level in 32 years.
If approved, Barbers Hill ISD is allowed to retain a larger portion of funding by adding two “golden pennies” that are not subject to the recapture system of school funding, and give the owner of a $400,000 home an annual savings of $807.
If approved, School Funding Election highlights include:
- Barbers Hill ISD taxpayers will see no tax rate increase. In fact, the rate will be 5.2 cents lower than 2022 and the lowest in 32 years at $1.1024 per $100 valuation.
- Voter approval will allow Barbers Hill ISD to access the maximum amount of tax revenue, some $1.4 million, which is not subject to recapture and would remain with the district.
- The new tax rate will allow BHISD to continue state-leading teacher salaries and state-leading educational programming for students.
In a nutshell, approving the School Funding Election will help keep Barbers Hill … Barbers Hill, district leaders say.
“This election, if successful, will add the last two ‘golden pennies’ that the state allows. These two ‘golden pennies’ generate millions of dollars of revenue that is not recaptured and sent back to the state,” said Barbers Hill Superintendent Dr. Greg Poole.
The deadline to register to vote is Oct. 10. Election Day is Nov. 7.
- Q: What is a School Funding Election?
- Q: Why is BHISD calling for a School Funding Election?
- Q: Will the BHISD tax rate be lower in 2023-24?
- Q: What is the impact of School Funding Election for taxpayers over 65?
- Q: What is the impact if the School Funding Election passes? (FOR)
- Q: What is the impact if the School Funding Election fails? (AGAINST)
- Q: Does the district have any control over property appraisals?
- Q: Will the ballot language say voting FOR is voting for a tax increase?
- Q: If my property tax bill is higher, why isn’t the district receiving more money?
- Q: How much has Barbers Hill sent back to the state via “Robin Hood”?
- Q: When can I cast my vote?