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Peaster ISD superintendent outlines VATRE and explains I&S vs. M&O tax rates
Summary
Superintendent Dr. Kendra Pittman briefed trustees on the VATRE and the difference between Interest & Sinking (I&S) taxes for bond debt and Maintenance & Operations (M&O) taxes for daily operations, urging stakeholders to stay informed as the district moves forward.
Dr. Kendra Pittman, Peaster ISD superintendent, told trustees at the Oct. 17 board meeting that the district is preparing stakeholders for the VATRE and clarified how district tax components are used. She explained that the Interest & Sinking (I&S) tax rate pays principal and interest on bonds for facilities and capital projects, while the Maintenance & Operations (M&O) tax rate covers daily operations such as teacher salaries, utilities and educational resources.
Dr. Pittman emphasized the importance of understanding those distinctions as the district moves forward with the VATRE and described ways for the community to stay informed. The superintendent also highlighted recent extracurricular successes—including the Pride of Peaster Band's three competitions (with a fourth scheduled in Springtown on Oct. 19) and athletic teams' district standings—framing them as part of the district’s current priorities while budgeting and tax planning continue.
