Voters in the North Hopkins ISD approved a tax swap plan proposed by the school board in an election Friday. The tax ratification plan will increase the the district’s Maintenance and Operations fund by 13 cents while decreasing the district’s Interest and Sinking fund 13 cents. The increase in M&O is expected to increase the district’s state funding by $250,000 a year. State funding is based on a district’s M&O rate.
Despite the decrease in the district’s I&S fund rate, North Hopkins School Superintendent Darin Jolly says the district will still be able to pay its annual bond debt.
Correction Added 10/9/2017, 9 AM
The total vote was 77-25, instead of 77-13 that was initially reported.
The early voting result was 47-13, while the election day’s was 30-12.
We apologize for this error.