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Union Grove ISD board adopts 2024–25 budget, sets $1.0472 tax rate
Summary
The Union Grove ISD Board of Trustees unanimously adopted the district budget for 2024–25 and set a $1.0472 tax rate — $0.07551 for M&O and $0.2921 for debt service tied to refunding bonds — noting the M&O levy exceeds last year’s levy.
The Union Grove Independent School District Board of Trustees unanimously adopted the 2024–25 school district budget and set the district's current tax rate at $1.0472 during a special meeting Aug. 28, 2024. Trustee Brian Cox moved to adopt the budget and the tax ordinance; Trustee Karey Barbee seconded and the motions carried unanimously.
Under the ordinance the Maintenance & Operations rate was set at $0.07551 and the debt-service component at $0.2921, the latter to pay principal and interest on $2,825,000 Unlimited Tax Refunding Bonds, Series 2020, and $6,995,000 Unlimited Tax Refunding Bonds, Series 2024. Board minutes state that this year’s M&O levy exceeds last year’s M&O levy. The board did not specify an effective date beyond adoption during the Aug. 28 meeting.
