https://www.peoplenewspapers.com/2020/10/12/dallas-isd-puts-3-7-billion-bond-to-voters-in-november/
Well, here we go again. We voted ourselves 3 tax increases in 2018 and now they are floating this massive deal. Of note, you will be paying for 4 specific, black neighborhoods to get broadband internet, so I guess we have some reparations/welfare thrown in to boot.
Here is my main question. They are claiming there will be no tax increase with this which I'm certain is either a lie or simply temporary. Can someone explain below that's more in tune with how this works?
Well, here we go again. We voted ourselves 3 tax increases in 2018 and now they are floating this massive deal. Of note, you will be paying for 4 specific, black neighborhoods to get broadband internet, so I guess we have some reparations/welfare thrown in to boot.
Here is my main question. They are claiming there will be no tax increase with this which I'm certain is either a lie or simply temporary. Can someone explain below that's more in tune with how this works?
Quote:
District staff explained that despite the required language on the ballot that says the bond is a tax increase, it won't increase property tax rates because the district's current interest and sinking rate of $0.2420 per $100 valuation will remain the same.