The Irving ISD Tax Ratification Election (TRE) passed on Saturday, with 82 percent of voters in favor of the district’s Penny Exchange. Of the 2,191 residents who voted, 1,797 voted in favor of the TRE.
Through the Penny Exchange – moving 13 pennies from the Interest & Sinking (I&S) tax rate to the Maintenance & Operations (M&O) tax rate – Irving ISD officials estimate the district will receive approximately $10 million in additional state aid from Austin while maintaining the same overall tax rate for local taxpayers. The additional state revenue will be used for teacher and staff salaries, instructional resources, facility maintenance and operating expenses.
“We’re elated and humbled by the results of the Irving ISD Tax Ratification Election,” Superintendent of Schools Jose L. Parra, Ed.D., says. “The fact that four out of every five voters supported the penny exchange is a strong and clear message of support for education in the Irving ISD community."
