In 2006, voters in Aubrey ISD passed a $34 million bond. Prior to that, the District had successful bond elections in 2002 and 1996.
Funds from the 2006 bond were used to build Monaco Elementary, additions to Aubrey Middle School and Aubrey High School, and a remodel of Brockett Elementary.
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 Maintenance & Operations (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 Aubrey ISD voters approved in
2016, added approximately $500,000 to the M&O budget.
M&O funds are used for daily costs like teacher and staff salaries, supplies,
food and utilities.
For more tax information, click here.
Election Day: November 7, 2017 | Early Voting: October 23 – November 3, 2017 | Register to vote by October 10, 2017
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