Posted 7:15 p.m.
The details
Early voting results show that voters in opposition are in the lead, according to unofficial election results from the Denton County Elections website.
- Residents have cast 4,710 votes in favor, or 42.99% of votes cast so far
- Residents have cast 6,245 votes against, or 57.1% of votes cast so far
AISD board of trustees unanimously approved calling the VATRE during an Aug. 19 meeting. The board also approved a $57 million budget for fiscal year 2024-25 with a $1.29 million shortfall and a total tax rate of $1.2869, according to documents.
If approved, the VATRE would retain approximately $2.5 million to address budget priorities including teacher and staff pay raises, providing campus support positions, and addressing increasing class sizes for the future, officials said.
Voters over 65 years old will not be impacted by the tax increase should the VATRE pass, according to district documents. Additionally, staff added an interactive tax calculator on the district website for taxpayers to see the tax increase.
The district’s M&O tax rate in FY 2023-24 was $0.7122. Without the VATRE, it would be $0.7099 in FY 2024-25. If AISD residents pass the VATRE, the M&O tax rate would be $0.7869, resulting in the annual $77 increase, according to district documents.
The tax rate is based on a $0.077 increase in the maintenance and operations tax rate contingent upon the VATRE passing this election, but the budget does not include the $2.5 million in revenue that it would generate.
If approved, the tax rate impact for Argyle ISD taxpayers would be an increase of $77 per year for every $100,000 of taxable home value. The district last increased its M&O rate in 2012, when AISD voters approved a 10-cent tax ratification election, officials said.
What else?
In early voting from Oct. 21 to Nov. 1, there were around 368,116 ballots cast in Denton County or around 40% of voters.
What's next?
Community Impact will update this article as more Election Day vote totals are released. All results are unofficial until canvassed.
Visit communityimpact.com/voter-guide/election-results to see results from all local elections in your community.
