SAN MARCOS CISD
After increasing staff salaries recently and leaving the projected budget at a deficit, the San Marcos Consolidated Independent School District Board of Trustees floated the idea of holding a Voter Approval Tax Rate Election to increase the revenue for the district. The board held a discussion on the projected revenue that could come from a VATRE, the timeline for doing so and the necessary machinations at the special called meeting Monday.
SMCISD Business and Finance Executive Director Michael Doyle gave a presentation to explain what a Voter Approval Tax Rate Election would entail, including the timeline and the financial benefits. Doyle said a VATRE is an election required by the state that asks voters to consider approving a modified tax rate to increase revenue for student programs as well as teacher and staff salaries. He added that, pursuant to the Texas Tax Code, the maximum rate districts can adopt without a VATRE is the district’s Maximum Tier One Compressed Rate, which is calculated annually by the Texas Education Agency.
