Is the 2-cent Penny Swap for just one year or will it continue?
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Each year the Board of Trustees adopts an ordinance setting the M & O and the Debt Service Tax Rates for the next budget year. The Board adopted an M & O tax rate of $1.06/$100 for the 2017-2018 school year, which requires approval by voters to ratify the rate. If approved, the M & O tax rate will remain at $1.06/$100 without subsequent voter approval.
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