The second of four public meetings hosted by the Waco Independent School District on the November tax ratification election will be Tuesday at University High School, 3201 S. New Road.
The 6 p.m. event will be in the school’s cafeteria. Administrators will show a video explaining the proposed rate hike and what they plan to do with the $8.2 million in expected additional revenue. The public will be welcome to ask questions.
The Waco ISD board of trustees approved a 13-cent tax rate hike to the maintenance and operations rate, from $1.04 per $100 of property valuation to $1.17, and lowered the debt-service rate from 31 cents per $100 of property valuation to 23 cents for a 5-cent net tax rate increase.
The M&O increase must be approved by the voters to rise higher than $1.04 per $100 of property valuation, but the board can raise the debt-service rate in the future without outside input.
The election is Nov. 3.