Bullard ISD Historical Tax Rates

  • Tax Rate Definitions

    Interest and Sinking Fund (I&S) Tax Rate
    The I&S tax rate (also known as the debt service tax rate) generates funds to service the district’s debt; except in very limited circumstances, a district’s maximum I&S rate is $0.50.  I&S funds may only be used for debt service and may not be used for general operations (supplies, salaries, etc.).

    Maintenance and Operations (M&O) Tax Rate
    The M&O tax rate generates local revenue for maintenance and operations expenditures; this is the general operations of the district.