Although RISD plans to keep its current debt service tax rate if the
voters approve Bond 2021, voters should know that a new state law
requires that the statement “This is a property tax increase” must
appear as part of every Texas municipal bond proposition ballot,
regardless of whether passage of the proposition would result in a tax
rate increase. RISD will issue a Voter Information document, which
explains how ad valorem taxes could be affected based on assessed
property values with new bond debt.