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Tax Rate

Public school taxes involve two figures, which divide the school district budget into two
“buckets”. The first bucket is the Maintenance and Operations budget (M&O), which funds
daily costs and recurring or consumable expenditures such as teacher and staff salaries,
supplies, food, gas and utilities. Approximately 80 percent of the district’s M&O budget goes
to teacher and staff salaries. The second bucket is the Interest and Sinking budget (I&S), also
known as Debt Service, and that is used to repay debt for longer-term capital improvements
approved by voters through bond elections.

Prior 2023-2024 Tax Rate
  • Interest & Sinking (I&S) Fund Tax Rate = $0.50   
  • Maintenance & Operations (M&O) Tax Rate = $0.6692
  • PISD total tax rate = $1.1692 (per $100 of certified property value)
2024-2025 Tax Rate Without the VATRE
  • Interest & Sinking (I&S) Fund Tax Rate = $0.4695
  • Maintenance & Operations (M&O) Tax Rate = $0.6669
  • PISD total tax rate = $1.1364 (per $100 of certified property value)
Proposed VATRE Approved Tax Rate
  • Interest & Sinking (I&S) Fund Tax Rate = $0.4695
  • Maintenance & Operations (M&O) Tax Rate = $0.6969
  • PISD total tax rate = $1.1664 (per $100 of certified property value)