CALDWELL TO HOLD TAX RATIFICATION ELECTION IN AUGUST
The Caldwell School Board had called for a tax ratification election in August.
According to Caldwell ISD officials, the TRE would be for a tax swap—not for any increase in the tax rate.
The vote would be to move money from the district’s Interest and Sinking rate to its Maintenance and Operations. Officials say that would result in more state funding.
Maintenance and Operations pays for everyday operations, including: salaries, books and building maintenance. The Interest and Sinking funds can only be used for debt on school bonds.
If the TRE is approved, the current $1.12 tax rate will not increase.
The Caldwell tax ratification election will be held Saturday, August 26th—two days before the first day of classes.
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