The Rockdale Independent School District Board of Trustees is pleased to announce the adoption of the 2023 tax rate, a move that underscores the district’s commitment to fiscal responsibility while continuing to support the quality education our community values.
For the upcoming fiscal year, the Rockdale ISD tax rate is set as follows: ● Maintenance and Operation (M&O) Tax Rate: $0.7575 ● Interest and Sinking (I&S) Tax Rate: $0.3619 ● Total 2023 Tax Rate: $1.1194 “Notably, this tax rate represents a reduction of $0.1854 from last year’s rate. This reduction is a testament to the district’s dedication to financial prudence while ensuring that the needs of our students and community are met,” said Superintendent Dr. Denise Monzingo.
Rockdale ISD is pleased to announce that it will be saving taxpayers over $5 million in interest expenses by adjusting the 2023 bond payoff period from 30 years to 25 years. This financial decision exemplifi es the district’s commitment to long-term financial planning and ensuring that taxpayer dollars are used efficiently,” Monzingo continued.
“ We a r e pr oud to announce this reduced tax rate, which not only benefi ts our taxpayers immediately but also demonstrates our commitment to responsible long-term financial management. The savings achieved by shortening the 2023 bond payoff period will have a positive impact on our community for years to come,” she added.
Additionally, the reduced tax rate signifies that Rockdale ISD will not need to implement the previously considered 4-cent increase for the recently passed bond. This outcome reflects the district’s ability to plan ahead effectively and manage its finances in a manner that benefits the entire community.
“ The Rockdale ISD Board of Trustees would like to express its gratitude to the community for their ongoing support, which enables the district to provide exceptional educational opportunities for our students while being responsible stewards of taxpayer resources,” Monzingo said.
- Log in or Subscribe to post comments.