Lake Travis Schools - Denies Property Tax Increase

Voters on Tuesday rejected a 2-cent property tax increase in the Lake Travis school district, with 59 percent voting agtainst the measure and 41 voting for it.

When the school board approved its $79.5 million budget in August, board members also adopted the tax rate: $1.06 per $100 of assessed property value for maintenance and operations and 27.59 cents per $100 of value for debt payments.

But because that exceeded the state-imposed cap of $1.04 for maintenance and operations, a rollback vote wsas automatically triggered, making the higher amount subject to voters' approval.

The rejection means the maintenance and operations rate rolls back to $1.04.