Board approves proposed I&S rate above minimum; cites Texas Tax Code and Education Code
The board voted to propose an interest & sinking rate of $0.32500 per $100 valuation—$0.0050 above the district's stated minimum of $0.3200—stating the increase will fund lawful debt service purposes; the motion passed unanimously.
The full story
The East Chambers ISD Board voted to propose an interest & sinking (I&S) tax rate of $0.32500 per $100 valuation, a level the minutes state exceeds the district's minimum debt service tax rate of $0.3200 by $0.0050.
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