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Quinlan 'Tax Swap' Early Voting Begins Wednesday

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A lower interest rate is set to offset a tax increase in the QISD.

Wednesday is the first day of early voting in Quinlan on a proposed tax swap for the independent school district.

In June the Quinlan school board adopted a tax rate of $1.37 per $100 of valuation. That’s up 13 cents from the current tax rate. But the district also approved decreasing the interest rate by 13 cents, which would effectively leave the tax rate at $1.24, while opening the door to as much as $1 million in state funding.

The extra money is earmarked for maintenance and operations costs. Early voting runs through Aug. 22, with the formal election date set for Aug. 26. The district will also hold two public meetings, one Thursday night and another next Thursday to answer public questions.