On July 11 the Board of Trustees approved calling for a Tax Ratification Election (TRE) on Saturday, August 25. If approved, the overall tax rate would decrease from $1.28 to $1.26 and the District would receive approximately $600,000 annually in additional funding.
If approved by voters, the Tax Ratification Election (TRE) would lower the overall tax rate from $1.28 to $1.26 and the District would receive approximately $600,000 annually in additional operating revenue that the State cannot take away. This is accomplished by raising the District's M&O tax rate by 2 cents while at the same time lowering the District's I&S tax rate by 4 cents. It is important to know that under state law, the two pennies used to increase the M&O rate are considered "golden" and therefore any money raised by the two pennies are not subject to recapture and must stay in Burnet CISD.
Go to TRE INFO to see even more information including frequently asked questions.