The Conroe ISD board of trustees will consider adopting a tax rate of $1.2125 for fiscal year 2020-21, a $0.0175 decrease from its FY 2019-20 tax rate of $1.23. The trustees heard a preliminary presentation from Chief Financial Officer Darren Rice during an Aug. 4 meeting. Rice has said the decrease is possible because the Texas Legislature allowed the district to access an additional golden penny, which are pennies within a Texas school district’s maintenance and operations, or M&O, tax bill that cannot be subject to state recapture. The district currently uses four golden pennies.
from montgomerycountypolicereporter.com
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