SAN MARCOS CISD
The San Marcos Consolidated Independent School District approved the certified appraisals from Hays County, Caldwell County and Guadalupe County and adopted the tax rate of $1.0152 per $100 of taxable value. According to SMCISD Board President Anne Halsey, this means that the November ballot will be a Voter Approved Tax Rate Election with the option to vote for or against the district receiving two additional Golden Pennies on its total tax rate, which are worth a penny a piece per $100 of taxable value.
“SMCISD will stand to receive between $2.7 to $2.8 million dollars if the VATRE is successful. This would be an additional source of revenue every year, not just one year. Keep in mind that there are variables such as certified property values, ADA and enrollment that play into that figure from year to year. Also, these funds are not subject to recapture, if the district finds itself in a recapture position in the future,” SMCISD Chief of Communications Andrew Fernandez said. “If the VATRE is not passed in November, the total tax rate would revert back to the voter-approved tax rate of $0.9952.”
