MISSION, TEXAS (August 25, 2023) – The Mission Consolidated Independent School District (MCISD) on Tuesday, approved to call for a Tax Ratification Election (TRE) for November 7, 2023, in compliance with Texas state regulations.
A Tax Ratification Election (TRE) allows the community to vote on changes in tax rate allocation within the district. Notably, this election will not increase the total tax rate; its purpose is to reallocate existing tax revenue to align with the district’s financial needs.
The current Mission CISD total tax rate is $1.1130, is made up of two key components: the Maintenance and Operations (M&O) tax rate, for daily expenses, and the Interest and Sinking (I&S) tax rate, is used for bond debt payments.
The proposed TRE involves reallocating $0.0317 pennies from the I&S tax rate to the M&O tax rate, to receive an additional $2.7 million in state aid without changing the existing total tax rate of $1.1130.
Mission CISD Superintendent of Schools, Dr. Carol G. Perez explained how this TRE would not raise the current total tax rate paid by local homeowners.
“The total tax rate paid by local homeowners will not increase as a result of the tax ratification election,” said Perez. “However, Mission CISD could see an additional $2.7 million (or more) annually in state aid.”
Taxpayers will not face a higher tax rate due to this measure. The proposal enables the district to qualify for additional state funding upon approval, ensuring the current tax rate remains at $1.1130 per $100 property valuation.
Mission CISD’s total tax rate is one of the lowest school tax rates in Hidalgo County. The Mission CISD Board of Trustees has in reduced its tax rate by $0.2372 cents over the past six years.
“Mission CISD is unwavering in its dedication to quality education and fiscal prudence,” said Mission CISD Assistant Superintendent of Finance, Joel Garcia. “The district assures taxpayers that this adjustment will not raise the current tax rate.”