If approved by voters, the 2023 Bond will NOT result in a tax rate increase.
If approved by voters, the 2023 Bond will NOT result in a tax rate increase.
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ZERO tax rate increase.
If approved by voters, the 2023 La Vernia ISD Bond will not result in a tax rate increase for any La Vernia ISD resident.
This is made possible through growth and development, paying off old debt and fiscal responsibility.
Homestead Exemptions
Homestead Exemptions
For residents 65-years and older, their school district tax bill will not increase, even if their property values increase (excluding property improvements) as long as an approved Homestead and Over-65 Exemption application is on file with the Wilson County Appraisal District, and the property has been owned as of Jan. 1 of the tax year.
For more information about Homestead and Over-65 Exemptions, call 830-393-3065 or visit the site: https://wilson-cad.org/forms .
Understanding the Tax Rate
Understanding the Tax Rate
Public school taxes involve two figures which divide the school district’s budget into two “buckets.” The first is the Maintenance & Operations (M&O) budget, also known as the General Fund. The M&O fund is used to pay for the day-to-day operations of a district and includes items such as salaries, utilities, food, gas, supplies, etc. Approximately 86% of La Vernia ISD’s M&O budget is spent on personnel salaries, benefits, and related costs.
The second is the Interest & Sinking (I&S) budget or Debt Service. This fund is used to repay debt for capital improvements approved by voters through bond elections. As a comparison, this fund is similar to a mortgage or home improvement loan. I&S funds may only be used to repay debt.
Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items, such as equipment, technology and transportation. By law, I&S funds cannot be used for the M&O budget, which means voter-approved bonds cannot be used to increase salaries or to pay rising costs of utilities or services.
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