The Greenville ISD Board of Trustees gave its unanimous approval Monday to what’s being called a "tax swap and drop." It’s a complicated funding formula that involves lowering property tax rates so as to increase the amount of state money that would go to the district.
However, the policy won’t go into effect unless voters in approve a swap and drop ballot measure in this November’s general election. Monday evening’s Greenville ISD board meeting was heavily attended by members of the public. Many expressed disappointment or frustration that pay increases were not part of the annual budget which was also approved at last night’s meeting.
Proponents of the swap and drop measure suggested that if passed, resulting funds could be used for teacher pay raises. However, others did not approve of teacher pay increases being tied to a ballot initiative.
