The gist
The Sunset Valley Parent Teacher Association will host a discussion at Sunset Valley Elementary School led by Chandra Villanueva, director of policy and advocacy at nonprofit Every Texan.
The background
AISD officials are depending on voters’ approval of a tax rate increase in order to lessen a looming budget deficit of $119 million.
If approved by voters, district officials predict a voter-approval tax rate election, or VATRE, would generate $171 million in revenue under a tax rate of $0.9505 per $100 valuation. Due to recapture, AISD will keep $41 million of this revenue. This is an increase in $130 million of recapture payments under the VATRE.
This would be a $34-per-month increase to the average homeowner from the current tax rate of $0.8595 per $100 valuation, according to district officials.
Additionally, four seats on the board of trustees are up for election in November, with two contested.
Stay tuned
Any member of the public can attend the event on Oct. 8 at 5:30 p.m. at 3000 Jones Road, Austin.
