April 19, 2016 - Timpson ISD Bear Update
Disney Trip Band Parent Meeting
There will be a Disney Trip Band Parent Meeting on Thursday, April 21st at 5:30 p.m. in the Band Hall.
TISD Bond Election Financial Facts
The Timpson ISD Facilities Bond Election is May 7th. The amount of the bond is $9,500,000.00. This amount maximizes state facilities grant money that is currently available to school districts. With the state facilities grant the state will pay approximately 43% of the $9,500,000.00 bond. Timpson ISD has retained the 20% local homestead exemption which deducts 20% of the taxable value off the homestead. The state homestead exemption has increased from $15,000 to $25,000. For example, on a $100,000 homestead the local tax exemption would reduce the taxable value to $80,000 and the state exemption would reduce it by $25,000 for a total taxable value of $55,000 instead of $100,000. Only 3 of the 15 surrounding districts offer the 20% homestead exemption. Homeowners age 65 and over can apply for a homeowner’s tax freeze for their homestead and up to 5 acres. This means their homeowner taxes will not increase even if the bond passes unless they make property improvements. A homeowner whose homestead is valued at $65,000 will pay only a $79 increase in school taxes per year. Timpson ISD currently has no debt. The website www.texastransparency.org has 74 public entities in Texas that are having bond elections in May. Of the 74 districts only 7 do not have tax supported debt as of 8/31/2014. Timpson ISD is one of the seven listed that currently has no debt. If you have questions about the financial aspects of the bond or any other bond related information, please plan to attend the informational meeting scheduled for Monday May 2nd in the Timpson High School Auditorium at 6:00 p.m.
TES First Grade News
Mrs. Archer’s first grade class had 100% of all of her students meet Tier One status on the I-Station assessment. This means all students in her class are at or above grade level. Congratulations to Mrs. Archer and her students for this outstanding achievement.
