“The successful passage of the Tax Ratification Election does not fix the state’s inadequate school finance system,” said Keith McBurnett, Superintendent of Schools. “Nor does it fully address the financial challenges Burnet CISD will face as it sends hundreds and eventually millions of dollars to the state for the benefit of other school districts. The additional funding generated by the Tax Ratification Election will help Burnet manage the projected deficits due to recapture over the next five years.”
With approval of the TRE, the Board of Trustees will consider approving the 2018-2019 budget at the August 27 Board Meeting based on a tax rate of $1.26 ($1.06 M&O and $0.20 I&S), which is two cents less than the current overall tax rate of $1.28. The election results will be canvassed by the Board of Trustees on September 4. In October, all property owners will receive their tax notices from the Burnet County Appraisal District and the new overall lower tax rate will go into effect beginning in January, 2019.