Question 2: Homestead Exemption

Shall the Act be approved which replaces the current homestead exemption from City of Bremen independent school district ad valorem taxes for educational purposes in the amount of $10,000 for certain senior citizens with a new homestead exemption of $90,000.00 of the assessed value of the homestead for residents of that school district who are 65 years of age or older and who have resided in and paid property taxes of the school district for at least five consecutive years, provided that any person receiving the current exemption shall automatically receive the new exemption?