VOTERS PASS MISD PENNY SWAP
majority of Mansfield ISD voters ,
A approximately 56 %, voted in favor of the MISD Penny Swap proposition .
The Penny Swap restructures the MISD tax rate , swapping 13 pennies from the Interest and Sinking ( I & S ) tax rate to the Maintenance and Operations ( M & O ) tax rate . Doing this allows the district to maximize state funding , bringing approximately $ 24.7 million in additional revenue to the district each year without changing the current tax rate .
“ By allowing the district to restructure its tax rate , we can continue making Mansfield ISD a destination district committed to excellence that offers the best programs for students , retains the best educators , and upholds safety and security standards ,” said Superintendent Dr . Kimberley Cantu . “ As we work to provide the best education possible for students , we will remain good stewards of the tax dollars we receive and continue to uphold our high standards of financial excellence , integrity and transparency .”
Dr . Cantu thanked the community for its support in passing the Penny Swap . She said none of this would be possible without dedicated parents , staff and community members .
“ Not everyone gets to live and work in a community where the school district is an extension of our family . It is something I do not take for granted ,” said Dr . Cantu .
The total MISD tax rate will remain at $ 1.4183 , approximately 3 cents less than the overall tax rate of $ 1.4464 in the 2020-21 school year . Due to the district ’ s fiscally-responsible refinancing and increasing property values , MISD can still make its current bond and interest payments . The district can also issue up to $ 300 million in bonds without raising the I & S tax rate .
FOUR SEATS ON BALLOT IN MAY
The filing period is now open for those interested in running in the upcoming school board election . Election Day is Saturday , May 7 .
School board members are locally elected representatives of the public and serve as the community ’ s advocate for public education . They must maintain a focus on student achievement and well-being while making decisions that represent the interests of their constituents .
Four seats on the Mansfield ISD Board of Trustees will be on the ballot — Place 3 , Place 4 , Place 5 and Place 7 .
Important Dates for the School Board Election
A general election will be held for Place 3 , Place 4 and Place 5 . Those seats expire in 2025 with the usual three-year term . A special election will be held for Place 7 . The elected official for Place 7 , an unexpired term , will have to run again in 2023 .
View board member requirements and application details on the MISD website . The deadline to turn in a candidate form is Friday , Feb . 18 at 5 p . m .
• Jan . 19 , 2022 : First day to file an application for a place on ballot
• Feb . 18 , 2022 : Deadline to file application for place on ballot
• Feb . 24 , 2022 : Drawing to decide order of candidates ’ names on ballot
• Feb . 25 , 2022 : Last day to withdraw as a candidate
• April 25 , 2022 - May 3 , 2022 : Early voting
• May 7 , 2022 : Election Day
• May 17 , 2022 : Canvassing of election votes
• June 18 , 2022 : Runoff election , if necessary
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