Approval of I&S debt service rate that exceeds the minimum rate. Action(s): Motion Passed: I move that a proposed rate to pay debt service of .2129 per $100 of taxable value be approved. This rate exceeds the district's debt service rate determined under Texas Education Code section 44.004(c)(5)(A)(ii)(b) of .1334 by .0795. The excess revenue collected from the proposed rate will be used for retir

Staff Report & Agenda Item Details

7.b. Approval of I&S debt service rate that exceeds the minimum rate. Action(s): Motion Passed: I move that a proposed rate to pay debt service of .2129 per $100 of taxable value be approved. This rate exceeds the district's debt service rate determined under Texas Education Code section 44.004(c)(5)(A)(ii)(b) of .1334 by .0795. The excess revenue collected from the proposed rate will be used for retiring debt early saving taxpayer dollars This motion, must pass by 5 of the 7 board members. This motion, made by Colt Herron and seconded by Chester Adams, Passed. Chester Adams: Yea Courtney Allen: Yea Charolette Gardner: Yea Colt Herron: Yea James Richardson: Yea Charmayne Scott: Yea Jill Woodruff: Yea No Action(s) have been added to this Agenda Item.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.0/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.