At the August 25 VISD School Board Meeting, trustees unanimously approved the lowest tax rate in 30 years, at $.9102 for Maintenance and Operations (M&O) and $.14400 for Interest and Sinking (I&S).
This combined tax rate of $1.0542 is the lowest total tax rate in 30 years for VISD.
The M&O pays for people and help to provide a comprehensive education program, supplementing the state funding formula.
The I&S also referred to as the debt service tax rate, generates the funds required to service the district’s debt.