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Why Does it Matter?
October 7, 2024
Deadline to register to vote:
October 21 – November 1, 2024
Early Voting:
November 5, 2024
Election Day:
Make Your Voice Heard!
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Rising Inflation
Since 2019-2020
19.5%
Overcoming State
Funding Gap
$2.3M
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Maintaining Competitive
Compensation
$1.1M
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Increases to Child Nutrition Program(CEP)
$500,000
Why is MFISD is Holding a School Funding Election?
Class Sizes
If the election passes, the district will be able to maintain current class sizes.
If the election doesn’t pass, the district may need to evaluate potential increases to class sizes.
Funding Student Programs
If the election passes, the district would continue to fund existing student programs at it's current level.
If the election doesn’t pass, the district may need to consider cuts to student programs.
Securing Staff
If the election passes, the district can assess the ability to offer competitive salaries for qualified staff.
If the election doesn’t pass, the district may reassess the ability to offer competitive salaries for retaining qualified staff.
What is a
School Funding Election?
A School Funding Election, also known as a Voter-Approval Tax Rate Election (VATRE), is a special election that gives the community the power to decide whether to approve a new tax rate for their school district.
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DID YOU
KNOW?
Due to the state funding gap, Marble Falls ISD had to make difficult decisions, resulting in a $700,000 reduction in staff salaries, was forced to reallocate positions in special programs, and reduced the supply budget by $200,000.
The Impact of Inflation
We are all feeling it!
UTILITIES
17%
Since 2019-2020, fuel costs have surged, significantly increasing transportation expenses for the district.
Increase
FUEL
76%
The cost of electricity, water, and gas has risen, putting additional strain on the district’s operational budget.
Increase
INSURANCE
182%
Since 2019-2020, the cost of insuring school properties and liability coverage has escalated.
Increase
Funding Gap Amid Rising Costs
Stagnant State Support and Increasing Financial Pressures on Our Schools
Since 2019, the state has not increased the Basic Allotment, which is the core unit of education funding. In addition, the state has significantly reduced the overall funding stream, creating a substantial gap. Meanwhile, growth and inflation have driven costs higher, further straining the district's resources.
The district needs the community to participate in the upcoming School Funding Election to ensure informed decision-making regarding the future of our schools.