“Educating Today’s and Tomorrow’s

Future”

“Improving LISD for Today and Tomorrow is an obligation for all

citizens”

Maintenance and Operations Tax Election 2001

In General

School board cannot unilaterally increase the maintenance and operations (M&O) tax limit.

The Texas Constitution and the Texas Education Code require that the question to establish a limit on M&O taxation be approved by the vote of the people.

District Strategic Goal

Maximize resources and utilize sound fiscal planning 82% State Funds $105,748,799 17% Local Funds $21,650,741 1% Federal Funds $923,500

FYI: Lowest Tax Rate in Region and Ranks #55 lowest among 1,000 in property values

Goal and Objective

GOAL: Maximize resources

OBJECTIVE: Provide adequate revenues to finance operating costs by:

Allowing LISD to bring in more state GRANT funds at a ratio of $6 in state funds for every $1 in local tax funds

Today’s Situation

Current tax rate for 2000: --------- $1.28 Proposed tax rate for 2001:-------- $1.32

State Tax rate cap in 1955 ------ $1.50 Most District’s Cap--------------- $1.50 LISD Tax rate cap passed in 1969: $1.35 LISD Proposed Tax rate cap 2001:->

$1.50FYI: 1978 –100% taxable value 1986 -86 cents required to generate state funds

How Did We Get Here? Before 76th Legislature: Tax rate for

operations -------------------------- $1.02

After 76th Legislature: Tax rate for operations -------------------------- $1.22

20 cent shift from the debt rate to the operations rate

Interest & Sinking collections are no longer eligible for state funding

Impact of Placing a Cap of $1.50 on M&0 tax rate

If Approved: More state funds $6 to $1 More funds for student services More funds for teacher & other employees

salaries More funds for inflation costsIf not Approved: Less state funds, Less ability to meet financial obligations Less ability to compete with other districts for

attracting and retaining teachers Less services to students

Call and Notice for M&O Election

M&O tax election called on August 2, 2001

Election to be held Saturday, November 17, 2001

No immediate tax increase to $1.50

Over 65 taxpayers -exempt from additional taxation

More funds at ratio of $6 per $1 spent by local taxes

NOTICE

OF

ELECTION

Form of Ballot Proposition

For� “AUTHORITY TO LEVY MAINTENANCE TAXES UNDER CHAPTER 45, AS AMENDED, TEXAS EDUCATION CODE, AT A RATE NOT TO EXCEED $1.50 FOR EACH $100 ASSESSED VALUE ON TAXABLE PROPERTY IN THE DISTRICT.”

Against�

Who May Vote; Qualification of Voters.

All resident, qualified voters of the District shall be permitted to vote at the M&O election.

Holding and conducting election Election date is Saturday,

November 17, 2001, to be held at regular District polling places.

Early Voting shall begins Wednesday, October 31, 2001, and ends Tuesday, November 13, 2001 (weekdays only). Main Early Voting location Webb County Justice Center, 1110 Victoria St. Branch

Early Voting locations: Laredo ISD Board Room and Cigarroa High School.

Additional Information

For Additional information, �Contact

Marco Alvarado, Communications Director

-- At 795-3295

orJesus J. Amezcua, Chief

Financial Officer --- At 795-3254