MPISD reduces tax rate for 2022-2023 school year

At their regular meeting Monday night, the MPISD Board of Trustees voted to reduce the current tax rate from $1.259 to $1.1592 for the coming year, the lowest tax rate in 30 years. The total tax rate, a reduction of $.0998, includes $.8622 for maintenance and operations (M&O) and $0.297 for interest and sinking (I&S). M&O funds provide for the district’s day-to-day operations while the I&S provides funds for debt services. Superintendent Judd Marshall said, “We are proud to be able to adopt a tax rate that is the lowest we have had since the 1991-1992 school year. All property tax payers benefit from reduced tax rates so we are happy for them.”