Zero Increase To The Current Overall Tax Rate
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Zero Increase To The Current Overall Tax Rate ⋆
Tax & Financial Information
If approved by voters, the 2026 Bond will not result in an increase to the current tax rate.
Zero Increase to the
Current Overall Tax Rate.
The proposed bond can be funded without raising the current overall total tax rate.
By paying off existing debt early, the District anticipates that the current overall tax rate of $0.93 will remain at $0.93, and that an increase to the overall tax rate to support the Bond is not anticipated.
Managing the Tax Rate Moving Forward
Homestead Exemptions
$200,000 for 65+ and tax freeze
$140,000 for all residents under 65
Explaining the Ballot:
In 2019, a new law for School Districts was imposed in Education Code §45.003(b-1), which adds an additional sentence to the ballot proposition:
“THIS IS A PROPERTY TAX INCREASE.”
This statement on the ballot is required by statute and cannot be modified. However, the District anticipates that the current overall tax rate of $0.93 will remain at $0.93, and that an increase to the overall tax rate to support the Bond is not anticipated.
McAllen I.S.D. PROPOSITION A
PROPOSITION A
THIS IS A PROPERTY TAX INCREASE
“The issuance of not to exceed $335,000,000 of McAllen Independent School District school building bonds for the purposes of designing, constructing, renovating, improving, modernizing, expanding, upgrading, updating, acquiring, and equipping school facilities (and any necessary or related removal of existing facilities), including District-wide renovations, additions, safety and security improvements, heating ventilation and air conditioning (HVAC) and roof replacements, and technology infrastructure improvements, expansion of the District’s Career and Technical Education (CTE) facilities and fine arts facilities at each comprehensive high school campus, the purchase of buses and vehicles, and the retrofitting of buses and vehicles with emergency, safety, or security equipment, and the levying of a tax sufficient to pay the principal of and interest on the bonds and the cost of any credit agreements.”
BALLOT EXAMPLE:
Understanding the Tax Rate
School district funding is supported through two primary components of the tax rate, each serving a distinct purpose and governed by state law.
The Maintenance and Operations (M&O) portion of the tax rate supports the district’s day-to-day operations, including teacher and staff salaries, classroom supplies, utilities, transportation, and other costs required to operate schools each day.
The Interest and Sinking (I&S) portion of the tax rate, also known as the bond tax rate, is used to repay voter-approved bonds. These funds support long-term investments such as facility improvements, campus renovations, safety upgrades, and major building systems. By law, I&S funds cannot be used for salaries or daily operating expenses.
Together, these two components allow McAllen ISD to meet current educational needs while responsibly planning for the future.
Additionally, McAllen ISD’s total tax rate has decreased by approximately 22 cents over the past 10 years. The District anticipates that the current overfall tax rate of $0.93 will remain at $0.93, and that an increase to the overfall tax rate to support the Bond is not anticipated.
