Mansfield ISD residents are encouraged to attend any of the upcoming community meetings to learn more about the Penny Swap, or Voter-Approval Tax Rate Election (VATRE), that will be on the Nov. 2 ballot.

The Penny Swap proposes to restructure the MISD tax rate, moving 13 cents from the district’s debt side of the tax rate to the maintenance and operations side, keeping the total tax rate the same. With voter approval, this swap would generate approximately $24.7 million annually in additional revenue for MISD, which would be used to help the district maintain quality instruction, student programs and schools of choice.

Residents may attend any of the district’s three in-person informational presentations, or tune into the Facebook Live event on Oct. 5, to learn more about the proposition and hear from school district officials.

Meeting Schedule

The Penny Swap would allow MISD to maximize state funding and generate more revenue for MISD operations, while not raising the total tax rate. More information is available at MISDPennySwap.org.