“Through this election, we have heard the will of voters,” Superintendent Bruce Gearing said in a Nov. 9 press release. “As a district, we will continue to work tirelessly to meet students where they are and provide them with the best education.”
The approval of Proposition A, the attendance credit election, or ACE, will prompt the start of LISD’s mandatory recapture payments back to the state with the purchase of attendance credits.
Recapture occurs when a school district’s property values have exceeded a certain point, according to the release. As a result of the ACE passing, the district said there will be no impact to current operations.
With the passing of Proposition B, the voter-approval tax rate election, or VATRE, LISD will be provided with $32 million in revenue increases, allowing the district to fund the staff raises that were approved by the board for the 2022-23 school year back in May.
The overall tax rate of $1.2746—which was approved by the VATRE—is $0.0624 lower than the 2021-22 tax rate of $1.337.
“This monumental decision of voters passing the voter-approval tax rate election equips the district to continue forward,” board President Trish Bode said in the release. “Forward in the direction set forth in our board-adopted, community-directed strategic plan.”
Results are unofficial until canvassed. Visit our online Voter Guide for all local election results in your community.
