A Voter-Approval Tax Rate Election, or VATRE, is set for November 2. Lake Travis ISD is asking voters to consider increasing the Maintenance & Operations (M&O) tax rate while simultaneously decreasing the Interest & Sinking (I&S) tax rate by the same amount. Specifically, Lake Travis ISD would move two pennies from the I&S tax rate to the M&O tax rate. As a result, Lake Travis ISD would retain $3 million annually in operating revenue. However, the total tax rate would remain the same at $1.2301 per $100 of assessed property valuation whether or not the VATRE is approved.
In this inaugural episode of our Lake Travis ISD Matters podcast our host, Marco Alvarado, speaks with the Lake Travis ISD Superintendent of Schools and Chief Financial Officer in detail about the VATRE and its impact on LTISD. Learn more on our VATRE webpage: www.ltisdschools.org/vatre.
Early voting ends Friday, October 29 and Election Day is Tuesday, November 2.