San Diego ISD Board approves a $.06 tax rate decrease for the 2020 - 2021 school year
San Diego I.S.D. Board of Trustees met on Wednesday, August 26, 2020 to discuss the Proposed Tax Rate for San Diego I.S.D. residents. The current 2019 tax rate was a total of $1.34. The breakdown of that tax rate was $0.97 for the Maintenance & Operations tax rate and $0.37 for the Interest & Sinking tax rate.
The Board of Trustees adopted a 2020 tax rate of $1.28. This tax rate is a $0.06 decrease from the previous year. This is great news for the residents of San Diego I.S.D. since the district recently held a bond election on May 2, 2020 and proposed to the public a $0.03 increase in the tax rate. Since property values increased for the district, San Diego I.S.D. is able to meet all obligations for debts and payments with the new adopted tax rate.