Magnolia ISD has called a bond election for August 14th, 2018 with the following language:
“Approving the ad valorem tax rate of $1.3795 per $100 valuation in Magnolia Independent School District for the current year, a rate that is $0.10 higher per $100 valuation than the school district rollback tax rate, for the purpose of increasing revenue for maintenance and operations.”
Plank 162 Of the 2018 Republican party platform Property Tax Rollback Elections states:
We urge the Legislature to establish a property tax revenue growth trigger of 2.5 percent per year that can only be exceeded by a vote held on a November uniform election date while working to eliminate and replace the M&O school property tax.
Plank 176 Of the 2018 Republican party platform Bond Elections: states:
State and local bond election ballots should be required to include the amount of debt currently outstanding, current debt service payments, current per capita debt obligations, the amount of new debt being proposed, estimated debt service for the new debt, and estimated per capita burden being proposed. Any bond election (state or local) must pass with at least a two-thirds majority of voters to affirm the bond. The bond issue must obtain a yes vote of a minimum of 20 percent of registered voters. All elections of personnel responsible for adopting a budget and a property tax rate and all elections involving bond indebtedness shall be held on the November uniform election date and administered by the County Clerk or the County Elections Administrator. No public funds are to be spent influencing a bond election. We oppose bundling of items on bond election ballots.
Be it resolved that the Republican Party of Montgomery cCounty urgeds Magnolia ISD to change the wording of the bond proposal and place it on the November ballot, rather than A holding a special election to be held in August.