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Lone Oak ISD approves $0.49 I&S rate, sets total tax rate at $1.1569
Summary
The Lone Oak ISD Board of Trustees on Aug. 19, 2024 approved an Interest & Sinking (I&S) tax rate of $0.49, producing a total tax rate of $1.1569 for fiscal 2024–25; the motion passed unanimously and was followed by an executive session on personnel and property.
The Lone Oak ISD Board approved an I&S tax rate of $0.49 at its Aug. 19 meeting, bringing the district's total tax rate to $1.1569 for the 2024–2025 year. The motion to set the I&S rate was moved by Justin Ramm and seconded by Jeremy McClanahan; the board voted 7–0 to adopt the rate.
Following the I&S vote, the board adjourned into executive session at approximately 6:21 PM to discuss personnel matters under Tex. Gov't Code §551.074 and real property under Tex. Gov't Code §551.072. The board returned to open session at about 7:52 PM and reported no action items arising from the executive session.
