Bond Election vs. Tax Ratification Election
Revenue from Bond Elections add funds to the District’s Interest & Sinking (I&S) budget, which is used to repay debt for capital improvements.
- I&S funds cannot by law be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services.
Revenue from the Tax Ratification Election (TRE), which Little Elm ISD voters approved in 2015, added approximately $4.3 million to the Maintenance & Operations (M&O) budget.
- M&O funds are used for daily costs like teacher and staff salaries,
supplies, food, and utilities.
Learn more on the Tax Information page.