Ingleside ISD board approves setting I&S rate above statutory minimum
Trustees voted unanimously to approve setting the I&S (Interest & Sinking) tax rate above the statutory minimum as calculated under Texas Education Code section 44.004(c)(5)(A)(ii)(b). The decision allows the district to levy debt service taxes above the calculated floor.
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At the Aug. 26 special meeting, the Ingleside ISD Board approved a motion to set the district's I&S tax rate above the minimum I&S debt rate as calculated under Texas Education Code section 44.004(c)(5)(A)(ii)(b). "Motion made by Mrs. Flores, seconded by Mr. Dendy to approve the I&S tax rate above the minimum I&S debt rate calculated under Texas Education Code section 44.004(c)(5)(A)(ii)(b)," the minutes record; the motion carried 5–0 with two trustees absent.
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