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North Hopkins Tax Swap Will Maximize State Funding For Local Needs

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Several information meetings have been conducted in the North Hopkins Independent School District to provide an overview of a proposed Tax “Swap” Ratification Election. Superintendent Darin Jolly said the tax swap will enable the district to maximize state funding without raising local rates. The additional money will used for what Jolly calls  “big ticket” items including transportation fleet needs, parking improvements and expansion, energy efficiency upgrades for increased savings, and instructional needs for facility and equipment for 21st century learning.

The purpose of the election is to allow the district to move $0.13 from the Interest and Sinking (I&S) (debt payment) tax rate to the Maintenance and Operations (M&O) tax rate. This move will not increase the total tax rate. The proposed change generates the same projected local tax revenue – $981,648, because the pennies are just “swapped” between M&O and I&S, but the move increases the projected state revenue by $251,635 for the 2017-2018 school year.

Early voting by personal appearance beginnings Tuesday, September 19, 2017 and ends October 2nd. Early voting hours are 8:00 a.m. until 2:00 p.m. each weekday and from 8:00 a.m. to 5:00 pm. on October 2, 2017 at the North Hopkins ISD Secondary Office, located at 1994 FM 71 W, Sulphur Springs, TX 75482. Voting on Election Day, October 6th will be from 7:00 a.m. to 7:00 p.m. in the North Hopkins ISD Administration Building Board Room, located at 1994 FM 71 W, Sulphur Springs, TX 75482.

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Author: Staff Reporter

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