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Chester ISD sets 2024 tax rate at $1.055 per $100 valuation
Summary
Trustees voted unanimously to set the 2024 tax rate at a total of $1.055 per $100 valuation: $0.755 for maintenance and operations and $0.30 for debt service. The motion was moved by Sam Handley and seconded by Wade Read.
The Chester Independent School District Board voted Aug. 26 to levy a total tax rate of $1.055 per $100 valuation for tax year 2024, allocating $0.755 for maintenance and operations and $0.30 for payment of principal and interest on bonded indebtedness.
"Sam Handley moved to levy or set the tax rate on $100 valuation for the District for the tax year 2024 at a total rate of $1.055, to be assessed and collected by tax officials designated by the District, as follows: $0.755 for the purpose of maintenance and operations, and $0.30 for the purpose of payment of principal and interest on bonded indebtedness," the motion states. Wade Read seconded the motion and the board recorded unanimous approval.
The board made the tax-rate decision as part of the special meeting following the staff presentation. The public comment period produced no speakers on the rate before the vote.
