VATRE Ballot Language

A few things to note:

• The tax rate listed ($1.25975) is a decrease of $0.06100 from last year’s tax rate.
• The amount shown as an increase ($38,650,820) reflects gross tax collections budgeted over the prior year due to increased property values.
  • It does not take recapture into account.
  • The net revenue generated by PISD will be approximately $9 million. 
• Although the ballot states that there will be an increase to the Maintenance & Operations tax revenue for the district, there will also be a decrease on both the M&O tax rate (decrease of $0.02935) and the Interest & Sinking tax rate (decrease of $0.03165).
• The additional revenue that results from the VATRE will fund daily operational costs such as teacher and staff salaries, student programs, and maintaining security for the students of Plano ISD.
  
  

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Bond Ballot Language

A few things to note:

• The ballot language will state "THIS IS A PROPERTY TAX INCREASE" on each bond proposition although the Interest & Sinking (debt portion) of Plano ISD's tax rate has been lowered from $0.2690 to $0.2374 for the 2022-2023 school year.
  • This language is a new state requirement regardless of the bond's impact on the district's tax rate. 
• Devices and technology upgrades outlined in Proposition C are required to be on a standalone proposition.
  • This is a new state requirement. 
• The projects that address safety and lifecycle replacements outlined in Proposition E are required to be on a standalone proposition because the projects are planned at a stadium that has seating for more than 1,000 spectators.
  • This is a new state requirement.