ACTION ITEM: Approve or Reject the proposed rate to pay debt service of $0.50 per $100 of taxable value be approved. This rate exceeds the district's debt service rate determined under Section 44.004(c)(5)(A)(ii)(b) of the Education Code of $0.3617 by $0.1383. The excess revenue collected from the proposed rate will be used for defeasing all or a portion of the district's outstanding bonds.

Staff Report & Agenda Item Details

VI.B. ACTION ITEM: Approve or Reject the proposed rate to pay debt service of $0.50 per $100 of taxable value be approved. This rate exceeds the district's debt service rate determined under Section 44.004(c)(5)(A)(ii)(b) of the Education Code of $0.3617 by $0.1383. The excess revenue collected from the proposed rate will be used for defeasing all or a portion of the district's outstanding bonds.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.6/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).