Communications Department
14705 Woodforest Blvd., Houston, TX 77015

December 1, 2007
CONTACT: Craig Eichhorn
(832) 386-1231

GPISD Voters Approve Tax Rate Rollback Election

             Galena Park ISD voters approved the district’s tax rate rollback election on Dec. 1, 2007.  The approval rating for the tax rate rollback was 73.6 percent as 424 votes were cast FOR the resolution with 152 votes cast AGAINST the resolution.
             Approval of this resolution certifies the 2007-2008 M&O tax rate at $1.1834, and the Interest and Sinking Tax Rate at $0.2475, producing a total tax rate of $1.4309 per $100 of property valuation—which is a decrease in the total tax rate of $0.2841 from the previous year.
             Since the 2007-2008 tax rate includes an increase of approximately seven cents in the maintenance and operations (M&O) portion of the tax rate, the district was required to hold a tax rate rollback election, under House Bill (HB1).
             The increase in the tax rate will generate more revenue which will be used to help offset the rising costs of electricity, gasoline and other utilities and would allow the district to remain competitive in the marketplace with employee salaries. Galena Park ISD also stands to gain approximately $3.2 million in additional state funding by approving this tax rate.
             “Galena Park ISD voters have a long history of supporting our employees and students. I would like to thank them for their overwhelming support of this tax initiative that will provide much needed funds for our district,” said Dr. Mark Henry, superintendent of schools. “The passage of this initiative would not be possible without the dedication of the many volunteers who spent countless hours informing the community about this election. This successful tax rate election is the direct result of the GPISD community’s commitment to providing a quality education for our students.”