At their regular meeting Monday night, the MPISD Board of Trustees voted to reduce the current tax rate from $1.239 to $1.218 for the coming year, a reduction of $.021.  The total tax rate of $1.218 includes $1.04 for maintenance and operations (M&O) and $0.178 for interest and sinking (I&S).  Superintendent Judd Marshall said, “We are certainly happy when we are able to reduce the combined tax rate.  Our taxpayers do a great job of supporting our school district, and we are very pleased to be able to give them a break whenever we can.”  M&O funds provide for the District’s day-to-day operations while the I&S provides funds for debt services.