Maintenance and Operations Rate definition

Maintenance and Operations Rate means the component of the adopted tax rate of a taxing unit that will impose the amount of taxes needed to fund maintenance and operation expenditures of the unit for the following year.
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Examples of Maintenance and Operations Rate in a sentence

  • The proposed tax rate will be published in the notice of the Public Meeting and shall not exceed the following rate: Maintenance and Operations Rate .970 and Interest and Sinking Rate .48 for a total tax rate of $1.45.

  • Tax YearPercentage of Ad Valorem Taxes Reimbursed on the Taxes Paid on the County's Maintenance and Operations Rate (M&O Rate) The Brazos Electric Power and the Shawnee Energy Center LLC abatements have yet to make an investment and will not be included in the notes until such investments are made.

  • A motion was made by Tom Ivey and seconded by Tony Combs that the proposed tax rate will be published in the notice of the Public Meeting and shall not exceed the following rate: Maintenance and Operations Rate .8965 and Interest and Sinking Rate .20 for a total tax rate of $1.0965.

  • Of the $1.3178, $1.17 is the Maintenance and Operations Rate, with $0.1478 being the Interest and Sinking Rate.

  • A motion was made by Tom Ivey and seconded by Dr. Shirley Price that the proposed tax rate will be published in the notice of the Public Meeting and shall not exceed the following rate: Maintenance and Operations Rate .8220 and Interest and Sinking Rate .40 for a total tax rate of $1.2200.

  • Of the 1.3178, $1.17 is the Maintenance and Operations Rate, with$0.1478 being the Interest and Sinking Rate.

  • Silsbee Independent School District held a successful Rollback Election in November, 2007, authorizing the District to levy an additional $0.13 above the $1.04 limit, resulting in a Maintenance and Operations Rate of$1.17.

  • Silsbee Independent School District held a successful Rollback Election in November, 2007, authorizing the District to levy an additional $0.13 above the$1.04 limit, resulting in a Maintenance and Operations Rate of $1.17.

  • The Tax Rate will effectively be raised by 0% by which the tax rate exceeds the Effective Maintenance and Operations Rate by 1.2% and will raise taxes on a $100,000 home by approximately $12.00.

  • However, cities with a city council consisting of seven, nine, eleven-plus voting members will need to add one additional councilmember vote to the number needed to adopt a tax rate exceeding the no-new- revenue rate.(2) No-New-Revenue Maintenance and Operations Rate.

Related to Maintenance and Operations Rate

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Emergency Maintenance means all maintenance performed when a Cloud Service Request demands immediate, unplanned attention, as reasonably determined by Hexagon.

  • Maintenance and Support means updates, upgrades, patches, fixes, etc. and technical support provided for the Products and Services that Supplier is required to provide directly to DXC or a DXC Customer.

  • Maintenance Services means SAP’s then-current maintenance and/or support services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Period of Maintenance means the specified period of maintenance from the date of completion of the works, as certified by the Engineer.