The Duncanville ISD Board of Trustees approved a measure to call a Tax Ratification Election (TRE) on September 8. Trustees unanimously voted in favor of allowing voters to decide how to proceed with the TRE, or Penny Swap, as it’s more commonly called.
The Penny Swap would generate approximately $5.2 million more primarily from state funding each year without increasing homeowners’ school tax rate.
The Penny Swap allows the district to raise its Maintenance and Operations tax rate while lowering the Debt Service tax rate by an equal amount. The result keeps the school tax rate the same for local homeowners while increasing the amount of money the district receives from the state.
Duncanville ISD is calling the election to offset the decrease in state funding for public schools. The State of Texas has not changed the way it funds schools since 2006, and the cost of paying for the necessities to run a district including utilities, fuel, supplies and salaries have increased each year.
If the Penny Swap passes, Duncanville ISD plans to use the additional revenue to pay for increased security, replace buses that have passed their recommended operation lifetime, enhanced innovative choice programs and technology upgrades to keep pace with demands of our students and families.