Liberty ISD Tax Ratification Election EDITORIAL
LIBERTY, September 28, 2013 – The Liberty ISD is currently conducting a Tax Ratification Election with early voting currently in progress.
The District is seeking an aggressive property tax increase to be paid by citizens of the district of a magnitude making it subject to a tax roll back election. This is why voter’s are being asked to ratify the significant increase.
The district is facing financial difficulties largely due to the actions of school board members and administrators who in past years have placed the district into significant debt compared to other school districts.
i-dineout.com reported earlier this year the extent of the debt and it’s comparison to other school districts.
Liberty ISD, a school district half the size of Dayton ISD, with half the students, half the tax base to generate income, has roughly the same amount of bonded debt.
Liberty ISD has en enrollment of only 2,142 students compared to Dayton’s 4,906 according to the Texas Bond Review Board, that translates to a debt per student of $11,475.33 in Liberty and only $4,906 per student in Dayton.
So what’s the obvious problem? It’s debt and the cost of debt service by Liberty ISD. A far greater percentage of annual income to Liberty ISD is going for debt service rather than operations and the school board thinks the way to solve the problem is to pass an aggressive tax increase to bring in more money to fund day to day operations of the district.
According to Liberty ISD records the total tax levee for the school district in 2012 was $13,636,635 and the according to the Texas Bond Review Board total bonded indebtedness is over 17 million dollars.
Those who manage Liberty ISD need to understand that spending money and going into debt as though there’s no tomorrow automatically comes with a reckoning day and steps need to be taken to lower cost and improve efficiency as a solution rather then keep looking into the tax payers pockets.
Vote early in the Liberty ISD Tax Ratification Election September 25, 2013 through October 8th. Election Day is October 12, 2013.