Urgent! Please let your voice be heard by Governor Rick Perry. If House Bill 3646 is passed the Cy-Fair Independent School District will receive less money per student than other school districts resulting in a major budget short fall which will in turn result in the repeal of Cy-Fair ISDs homestead exemption and a 20% tax hike.
I am told that according to House Bill 3646, Cy-Fair will receive $4,200 per child whereas other districts will receive approximately $5,800 per child even though their districts are contracting and Cy-Fair is expanding. Houston ISD is facing the same problem, but they have a much larger tax base that is largely commercial property. Cy-Fair is primarily residential.
Our low tax rates in Cy-Fair are a big reason why the area is so attractive to young families looking to move into the suburbs. The loss of the homestead exemption could drive property values down if home buyers feel Cy-Fair taxes are out of line with other areas of Houston.
Please tell Governor Perry to veto the bill until this inequality can be remedied. Tell your friends to do the same.
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