Socorro ISD board calls for ‘VATRE’ tax rate election. Here’s what it means to you

Socorro ISD board calls for ‘VATRE’ tax rate election. Here’s what it means to you

Socorro Independent School District voters will head to the polls in November to decide whether to allow the district to raise its tax rate beyond what is allowed by the state to help its financial status, potentially cutting into property tax savings approved by the Texas Legislature. The SISD board voted 6-0 Thursday to call for a voter-approval tax rate election, or VATRE, that could bring in up to $49.2 million a year. Board President Michae…