ANDREWS – A significant increase with certified taxable value compared to preliminary figures will generate more tax revenue for the Andrews Independent School District (AISD), but the vast majority of it on the maintenance and operation (M&O) side will go to Austin as part of recapture, school trustees learned at Tuesday’s board meeting.
The adopted rate - involving both M&O, and interest and sinking (I&S) - amounted to $1.1134.
The board was required to officially adopt a tax rate on Tuesday based on certified taxable value, which was much more than April estimate.
School officials said the certified amount of $4.68 billion was ...