AISD lowers tax rate, again

The Austin Independent School District board of trustees on Monday unanimously approved the district’s new tax rate for the 2016 tax year. AISD’s tax bill is broken into two parts: Maintenance and Operations covers operating costs like salaries, benefits and utility bills; Interest and Sinking covers interest on bond debt for facilities. Trustees approved a $1.0790 per $100 of assessed property value rate for the district’s Maintenance and Operations fund. The Interest and Sinking rate for the 2016 tax year was set at $0.113 per $100 of assessed property value. This brings AISD’s 2016 tax rate to $1.192 per $100 of assessed property value. AISD has lowered its tax rate every year since Fiscal Year 2013-2014, when it was $1.242.