If authorized, the rate would be the lowest among surrounding Central Texas school districts, according to AISD Chief Financial Officer Eduardo Ramos.
The overall rate is a combination of two property taxes levied by the district—the maintenance and operations rate, or M&O, which pays for ongoing maintenance and operations costs including facility repairs and teacher salaries, and the interest and sinking rate, or I&S, which is used to service bond debt.
The proposed M&O rate is $0.8836, and the I&S proposal is $0.1130.
The AISD board passed a $1.68 billion budget at a June 23 meeting.
The tax rate vote is set for Sept. 29 at 6 p.m. in the board auditorium at 4000 S. I-35 Frontage Road, Austin.
