Lovejoy ISD Voter-Approved Tax Rate Election (VATRE)

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*New Lovejoy ISD VATRE content will be published regularly. Please check back for additional information.

Lovejoy ISD held a community VATRE presentation via zoom on October 13, 2022. The video from that presentation is linked here. The information shared was current at the time the presentation took place.

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VATRE recorded

zoom presentation


Lovejoy ISD District Profile

  • 2022 Top Ranked Traditional School District in Texas scoring 99/100 and "A" rating by the Texas Education Agency (TEA)
  • Top 1% Best High School - US News & World Reports
  • #1 in Best School District in Collin County by Niche
  • #2 (5A) Lone Star Cup in 2022
  • Top STEM High School by Newsweek
  • 2022 Best Communities for Music Education
  • Volleyball 8 x UIL State Champions: 2008, 2009, 2010, 2011, 2012, 2014, 2019, 2020, 2021
  • Girls Cross Country, Wrestling, and Volleyball 2021-2022 UIL State Champions
  • 274 Advanced Placement (AP) Scholars in 2021-2022
  • 107 Athletes Earned Academic All-State Honors
  • 2022 Gatorade National Volleyball Player of the Year
  • 2022 Presidential Scholar in the Arts


  • Approximately 4200 LISD students are served Pre-K to 12th Grade
  • Approximately 520 LISD employees
  • 6 Campuses: Early Childhood, Elementary (2), Intermediate, Middle and High School
  • Lovejoy was Founded in 1917
  • District Boundaries Cover ≈ 17 Square Miles
  • Lovejoy High School Graduated its 1st Senior Class in 2010


To propel every person to personal excellence.

Core Values

What is a VATRE?

An election called a Voter-Approval Tax Rate Election (VATRE) is required by state law when a school board adopts an M&O tax rate that is greater than the rate set by state law.

November 8, 2022 VATRE

On Monday August 8, 2022 the Lovejoy ISD Board of Trustees called for a Voter-Approved Tax Rate Election (VATRE) for November 8, 2022 to increase the M&O portion of the 2022 ISD tax rate by 3.17 cents.

VATRE Impact on the Tax Rate

  • Due to tax rate compression, Lovejoy ISD's 2022-2023 Tax Rate will DECREASE with or without the passing of the VATRE.

  • Property taxes rates for homeowners 65 years and older with the appropriate exemptions will not be impacted by the Voter-Approved Tax Rate Election (VATRE).

Historical LISD Tax Rates

  • The recommended tax rate will be Lovejoy ISD’s lowest rate in over 20 years.

VATRE Priorities

The passing of the VATRE would generate approximately $640,000 in additional funding for Lovejoy ISD.

Financial Priorities:

  • Employee compensation
  • Restore fund balance

Employee Compensation

Employee compensation is a component of teacher and staff recruitment and retention.

The graph below depicts the estimated budget impact of employee compensation increases ranging from

1-5% for the 2023-2024 school year.

Budget Deficit

Without passing a VATRE, the annual budget is projected to reach a deficit of over $2.1 million by fiscal year 2026.

Fund Balance

If the VATRE does not pass, days of operating expense in the fund balance are projected to decrease to

65 days in fiscal year 2026, potentially requiring a loan to fund operating expenses. The amount of money in a school district’s fund balance fluctuates throughout the year, but 90 days of cash on hand is often used as a minimum standard.

Since Lovejoy has a heavy reliance on local tax collections, having sufficient cash on hand is important to cash flow, which includes payroll.