Fort Worth is in a pension crisis, which in turn has the city looking at raising property taxes significantly this year. The pension crisis is at the heart of the proposed increase in property taxes. It would be an increase of over 2.8% this year compared to the prior year. However if your property had an increase in appraisal you’d see a compounded increase of that amount plus the tax increase. For instance if your property appraised for 10% more this year, you’d have a net increase of 12.8% (appraisal plus tax increase).
The Fort Worth Independent School District (FWISD) Board had an ethics policy with teeth, but it didn’t last long. It appears board officials just couldn’t miss out on the opportunity to potentially cash in on the massive $750 Million school bond.
The school board adopted a strong ethics policy in April of this year, but abruptly ditched it a few months later in August. Conveniently for elected officials, this alarming change was made only six days before the board voted to put a $750 million bond package on the November ballot.