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Kermit ISD sets proposed tax rate at $1.0402 per $100 valuation
Summary
The board proposed a combined tax rate of $1.0402 per $100 valuation — $0.7051 for M&O and $0.3351 for I&S — and approved the proposal unanimously; public meetings to discuss and adopt the budget and tax rate were scheduled for Aug. 29, 2024.
Kermit ISD trustees voted Aug. 14 to set a proposed tax rate of $0.7051 per $100 valuation for Maintenance and Operations and $0.3351 per $100 valuation for Interest and Sinking, a combined proposed rate of $1.0402 per $100 valuation. Ms. Gayle Fuqua presented the item; Trustee Lorina Lujan moved to set the proposed rate and Trustee Ramiro Antillon seconded. The motion passed with a favorable unanimous vote.
The board also announced a public meeting on Thursday, Aug. 29, 2024 at 6:30 p.m. to discuss the proposed budget and tax rate, followed by a called meeting at 7:00 p.m. on Aug. 29 to adopt the budget and tax rate. The minutes record the rate amounts and meeting schedule; no public comment on the proposed rate is recorded in the minutes.
