IRVING (CBSDFW.COM) – Voters in the Irving Independent School District approved a new tax ratification Saturday which equates to approximately $10 million in additional state aid from Austin.
Eighty-two percent voted in favor of the ratification.
According to the district’s ‘Penny Exchange,’ the approved election will move 13 cents from the interest and sinking tax rate to the maintenance and operations tax rate.
In doing so, local taxpayers will still be paying the same overall tax rate.
According to officials, the maintenance and operations rate is used to fund the daily operations of the district like salaries, benefits, transportation and curriculum materials. The interest and sinking rate is used to pay for bonded debt.
Officials said the additional state revenue will be used for teacher and staff salaries, instructional resources, and facility maintenance.
Irving ISD teachers and staff will be seeing a pay increase to the base salary for the first time in two years.
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