School District Question 1 (ISD #704)
APPROVAL OF SCHOOL DISTRICT REFERENDUM REVENUE AUTHORIZATION The Board hereby determines and declares that it is necessary and expedient for the school district to renew its existing referendum of $1.00 per resident marginal cost pupil unit. As provided by law, the ballot question must abbreviate the term “per resident marginal cost pupil unit” as “per pupil.” The additional revenue will be used to finance school operations and the property tax portion thereof will require an estimated referendum tax rate of approximately .000193% of the referendum market value of the school district for taxes payable in 2012, the first year it is to be levied. The proposed referendum revenue authorization would be applicable for 10 years unless otherwise revoked or reduced as provided by law.
Shall the existing $1.00 referendum in revenue proposed by the Board of Independent School District No. 704 be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
