On Monday I was fishing at Fork and picked up one of those weekly swap meet trade rags and in it I found an interesting letter from the Superintendent of Lone Oak ISD to Lone Oak ISD Taxpayers. The superintendent was trying to justify to taxpayers that they would actually be paying a lower tax rate than last year if they approved the vote on the tax increase. He completely left out the fact that the state legislature granted the lower tax rate when it approved the new school finance package. He was trying to make the property taxpayer feel good about paying less. Only problem the actual rate was a rate higher than the legislature put in place under the school finance property tax reduction plan.
It appears the previous year Lone Oak ISD tax rate was $1.515 and he was seeking approval for a rate of $1.375. The legislature set a maximum rate of $1.04. If taxpayers voted to approve they would actually be increasing their taxable amount by .335 cents in place of getting the tax rate approved by the state legislature.
Interesting how these guys try to spin for more money.
Caught a couple nice fish for the dinner table.
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