Fiscal Responsibility
Mansfield ISD has consistently been awarded the highest recognitions from two organizations for its commitment to fiscal integrity , responsibility , and transparency . The district has also received the highest grade every year in the state ’ s School Financial Integrity Rating System of Texas ( FIRST ), which ensures that Texas public schools are held accountable for the quality of their financial management practices .
In addition , after a third-party audit of the district ’ s fiscal management and efficiency , MISD excelled in all areas compared to its peer districts . The third-party audit found that Mansfield ISD received and spent fewer dollars per student than its peer districts while still maintaining an “ A ” rating with the state .
The Mansfield ISD School Board called for a Penny Swap , or Voter-Approval Tax Rate Election ( VATRE ) on Nov . 2 . With voter approval , MISD can swap 13 pennies from the I & S rate to the M & O rate ( generating $ 24.7 million more a year annually ), with no increase to the overall tax rate ($ 1.4183 ). The current tax rate is nearly 3 cents lower than last year ’ s rate .
If the Penny Swap passes , the additional revenue generated on the M & O side of the district ’ s budget would be used to maintain quality instruction , student programs , schools of choice , teacher salaries , and safety and security initiatives .
For more information about the Penny Swap , visit MISDPennySwap . org
10 | 2021-2022 # WEAREMISD