After months of debate and public persuading from both sides, the people of McKinney have chosen to bite the bullet and pay higher taxes to support McKinney’s students. McKinney voters approved the McKinney ISD tax ratification election by a 60-40 margin after all results were tallied Saturday night.
With 100 percent of the precincts reporting, Collin County Election results showed support for the TRE by 60.4 percent of the total votes. There were 5,617 yes votes and 3,683 opposed. There were 9,300 total votes in the TRE election, equaling 11.1 percent of the total voters in McKinney.
The tax increase, from $1.54 to $1.67 per $100 of assessed home value, will now bring McKinney’s property taxes to the highest allowable level by law in the state of Texas. The 13-cent increase will mean an annual tax increase of $268.59 for a home valued at $221,611, which is the average home value in McKinney.
The TRE election was deemed necessary by the McKinney ISD School Board after reductions in eduction funding from the state were approved in the 2011 Texas Legislative session. MISD used contingency funds for the last two years to continue operations without any drop in its educational standards.Without additional funding from the state, MISD would have been forced to cut nearly $11 million from its budget if the TRE had not passed.
Early voting totals, released earlier on Saturday evening, showed support for the tax by 65.24 percent of early voters. There were 4,344 yes votes and 2,314 opposed in early voting.
Below is a statement from MISD Superintendent Dr. JD Kennedy about the TRE vote.
“The huge turnout for this special election indicates how much the voters in this school district want their voices heard. We respect the democratic process in this country and we will honor the decision of the voters in McKinney ISD.
“I want to thank the staff for their efforts to get our voters informed and to encourage them to vote. I want to thank the McKinney Chamber of Commerce for their endorsement of this tax increase proposal. I especially want to thank the ‘Vote For McKinney Kids’ political action committee and all of the individuals who worked hard on this campaign to keep McKinney ISD as one of the best school districts in Collin County and the nation. Words can’t express the level of appreciation that I have for your efforts to make sure that we have the revenue needed for a quality program for our students.
“To those of you who voted against the tax ratification, I want to let you know that we will continue our tradition of fiscal responsibility, and will remain diligent in our efforts to find opportunities to improve operational efficiencies while maintaining a quality learning environment. That is an obligation that we do not take lightly with you the taxpayers in this community.
“Again I want to reassure all of you that we are committed to creating for our students the best education possible with the resources we have. Our students and the parents of this community deserve nothing less.”