Proposition A is a Voter-Approval Tax Rate Election (VATRE) that asks voters to consider a three-cent increase in the Maintenance and Operations tax rate. This would generate approximately $45.5 million annually to help fund daily operations such as salaries and utilities.
The remaining three propositions are bond packages (Propositions B, C, and D) totaling just over $886 million. These packages would finance capital expenses such as construction and renovations with no change to the NISD Interest and Sinking tax rate.
For an average taxable value home in NISD ($215,210), the actual tax increase from Prop A is $5.98 per year due to recent taxable value decreases. Props B, C, and D have no impact on the existing NISD tax rate.
Watch this video for a more in-depth explanation of the tax rate impacts regarding the upcoming bond and VATRE election.
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