Approved Tax Rate
Approved Tax Rate (M&O + I&S):
.963 (M&O) + .335 (I&S) = $1.298
In the town hall meetings, we stated that the Interest & Sinking (I&S) rate could go up as much as 10 cents. However, after refinancing 2011 series, we lowered the interest rate and our property values rose. We are only raising I & S rate 3.5 cents. The total tax rate only went up .3 cents.