Waller ISD approves 2007 Tax Rate
During a special called meeting Nov. 5, the Waller ISD Board of Trustees approved a combined $1.28 2007 tax rate; $1.04 maintenance and operation (M&O) rate and interest and sinking (I&S) rate of 24 cents. (The combined I&S and M&O rates construct the $1.28 total tax rate.) I&S tax is used to pay for bond indebtedness on construction and M&O tax is used to cover the schools’ operating costs.
    The 2007 tax rate does not reflect the $49.29 million bond approved by voters May 12, 2007 as the bonds have not yet been sold. We regret to inform Waller ISD taxpayers that the tax rate will fluctuate over the next two fiscal years. Next year’s rate will reflect the voter approved bond and as such the WISD tax rate will level in following years.