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Gordon ISD sets 2024 tax rate at $0.9919 per $100 valuation
Summary
The Gordon ISD board approved a total 2024 tax rate of $0.9919 per $100 valuation, allocating $0.6669 for maintenance and operations and $0.3250 for interest and sinking; the motion passed 6–0 (Stacey Wyatt absent).
The Gordon ISD Board of Trustees on Aug. 28 approved a total tax rate of $0.9919 per $100 valuation for tax year 2024. The board allocated 0.6669 for maintenance and operations and 0.3250 for payment of principal and interest on debts. Sarah Knight moved the motion and Brett Trigg seconded; the roll-call vote was 6–0 with Stacey Wyatt absent.
During the public hearing portion, district staff presented the rate options and the board discussed the split between maintenance and operations (M&O) and interest and sinking (I&S). Board minutes record the formal motion language: "Motion to levy or set the tax rate on $100 valuation for the District for the tax year 2024 at a total tax rate of $0.9919, to be assessed and collected by the duly specified assessor and collector as follows: 0.6669 For the purpose of maintenance and operation, and 0.3250 For the purpose of payment of principal and interest on debts." The board did not record any amendments to the proposed breakdown.
The adopted rate will be assessed and collected by the district’s designated tax assessor-collector for the 2024 tax year.
