The Socorro Independent School District has taken a step towards a potential tax change. A Voter-Approved Tax Ratification Election, or VATRE, has been approved to appear on the November 3 ballot.

This decision follows recognition of the district's improved financial management by Moody's Ratings. The proposed tax change is similar to one considered last year, involving a penny swap.

Further details about the potential impact of the VATRE are available from the source. If approved, the change is expected to provide a significant amount of funding for the district.