How It Adds Up
If approved, the TRE would:
» Provide $44 million for FWISD from tax rate change
» Generate from the State another $22 million
» $44 million + $22 million = $66 million for FWISD
» Increase property taxes about $13/month on an average price Fort Worth home ($167,000)
» There would be no property tax rate increase for homeowners 65 or older.
If it passes on November 3, the Voter Approval TRE would generate $44 M annually for our students. That $44M will be matched by the state with an additional $22M. So, for every dollar we raise the state puts in an additional 50-cents. So, we would raise $44M and the state would contribute $22M and by passing this TRE, we would receive $66M of extra revenue to invest in its students. .
- Compensation for teachers allowing the District to be more competitive in attracting and retaining the best teachers
- Safety, health, and security by providing Personal Protective Equipment (PPE) and additional measures to clean and sanitize campuses
- Connectivity and Devices such as Chromebook computers, hot spots and additional methods to provide broadband internet access for students
This proposed tax rate for 2020-2021 will effectively raise taxes for the Maintenance and Operations fund by 7.53%. The proposed I&S tax rate will not increase. For a $100,000 home that would mean an additional $96.50 in taxes.
Early voting is underway and continues through Friday, October 30, 2020. Election day is Tuesday, November 3.
For more information about voter registration in Tarrant County, please visit the Tarrant County Elections website.