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Taylor ISD trustees discuss voter-approved tax-rate election; staff says enhancement pennies could net about $600,000 locally
Summary
Finance staff explained a voter-approved tax-rate election (enhancement pennies) that could generate roughly $800,000 in operations funding with about $200,000 subject to recapture; trustees discussed TEA limits, recapture implications and a timeline for an efficiency auditor and possible November election.
Trustees discussed whether to pursue a voter-approved tax-rate election (an election required when a district adopts a tax rate exceeding the state-allowed amount) to replace the temporary "disaster pennies" adopted this year.
Finance presenter Jenna explained the mechanics: adopting enhancement pennies through a voter-approved election would allow the district to capture additional…
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