WHEN AND WHERE CAN I VOTE? See www.crawfordisd.net for times EARLY VOTING ROLLBACK FACTS October 20—October 31 By law, school districts in Texas may neither TAX ROLLBACK advocate for passage nor oppose a Tax Rate ELECTION INFORMATION McLennan County Rollback Election. It is the responsibility of Locations the district, however, to inform the voting Waco, TX public about the facts regarding the rollback McLennan County Elections Office election. 214 N. 4th Street, Suite 300 Questions may be referred to: Lacy Lakeview Civic Center 503 E. Craven Ave. Kevin Noack at 254-486-2199 City of Waco’s Multi-Purpose Center or 1020 Elm Street email@example.com First Assembly of God 6701 Bosque Blvd BOARD OF TRUSTEES Robinson, TX Robinson City Hall John Minnix President 111 W. Lyndale Ave. Jeff Baize Vice-President Terri Bukowski Secretary Coryell County Chuck Claxton Member Locations Charlie Kasparian Member Gatesville, TX Tim Nemec Member Coryell County Courthouse Lower Floor Ricky Steinkamp Member 620 E. Main REGULAR VOTING ADMINISTRATION November 4, 2008 Kevin Noack Superintendent McLennan County Don Harris High School Principal Precinct 63 Chuck Viladevall Middle School Principal Fellowship Bible Church Precinct 80 Linda Stout Elementary Principal Tuesday, Crawford Fire Station November 4, 2008 Precinct 82 CRAWFORD INDEPENDENT Speegleville Baptist Church SCHOOL DISTRICT Coryell County 200 Pirate Drive A Choice for the Future Precinct 312 Crawford, TX 76638 Grove Community Center Precinct 315 Oglesby Community Center ROLLBACK ELECTION Property Tax-Rate Comparison During the regular board meeting on August 25, 2008, the board unanimously passed a budget that requires an increase above the state-assigned rate cap of $1.04 per 2005 2006 2007 2008 2009 $100.00. The budget requires an additional 13 cents for a total Maintenance and Operations Tax rate of $1.17 M&O 1.4410 1.5000 1.3700 1.04005 1.17000 per $100.00 which automatically calls for a “Rollback Election.” I&S .1082 .1199 .12478 .12200 .207808 TWO TYPES OF TAXES 1. Maintenance and Operations (M & O)-Money used to Total 1.5492 1.16199 1.49478 1.16205 1.377808 maintain and operate the district (daily operations). 2. Interest and Sinking (I & S)-Money used to service debt. (Debt is bonds that were voter approved to con- Effect of Proposed Tax Rate on CISD Citizens’ Tax Bill struct facilities) Home Homestead Taxable Annual Tax Monthly Tax Daily Tax WHAT IS A ROLLBACK ELECTION? Appraisal Exemption Value Increase Increase Increase A rollback election is the community’s opportunity to $ 75,000.00 $ 15,000.00 $ 60,000.00 $ 78.00 $ 6.50 .$ .21 decide if an increase of the local tax contributions for the school district’s fiscal needs is appropriate. In this in- $ 125,000.00 $ 15,000.00 $ 110,000.00 $ 143.00 $ 11.92 $ .39 stance, the increased request in M & O is from $1.04 to $1.17 for a total increase of 13 cents per $100 of prop- erty valuation. The increased revenue generated by an $ 175,000.00 $ 15,000.00 $ 160,000.00 $ 208.00 $ 17.33 $ .57 approved additional local tax contribution would allow the school district to address increases in costs for sala- $ 225,000.00 $ 15,000.00 $ 210,000.00 $ 273.00 $ 22.75 $ .76 ries, fuel, utilities, and/or other aspects of the mainte- nance and operations of the district. $ 300,000.00 $ 15,000.00 $ 285,000.00 $ 370.50 $ 30.88 $ 1.02 A rollback is the only opportunity available at this time to increase the funding from the state by an amount that is shared between the school district and the state, based Frequently Asked Questions on the amount of tax rate that the local district taxpayers have authorized. For every penny of local tax effort, $11,505.00 is generated. The state will match with I am over 65 years of age. Will my taxes go up? $19,470.00 per each penny increase in local tax rate The proposed tax rate increase does not affect the taxes on homes of persons who are 65 years of age or older. amassing approximately $402,000.00 in extra revenue. Approximately $100,000.00 of this revenue will be dedi- The district held a bond election last year. Why not use the funds raised by that election? cated to increasing teacher salaries. Revenues from bond elections may only be used for facilities. HOW HAS THE CRAWFORD ISD MANAGED TAXPAYER FUNDS? Why is the district asking for a tax increase now? House Bill 1 (79th Legislature) directed districts to reduce their Maintenance and Operations Tax to $1.04. The amount of money schools have to operate on is capped at the same level per student that we had in the 2005-2006 school year (target Crawford ISD has received a superior rating on the Fi- revenue is $4,608.00 per student). The state average is $5,100.00 per student . Increasing property values provides no nancial Integrity Rating System of Texas (School additional funding to our district. The state system is set up so that as local values and collections increase, the state re- FIRST) since the system began in 2003. duces its share until the district hits its ‘target revenue” of $4,608.00. The only way for a school district to generate more dollars through this system is to either gain students or increase the tax rate.