On Aug. 16, the Meadowlakes City Council preliminarily adopted next year’s ad valorem M&O (maintenance and operations) tax rate equaling $0.1374.
Last year’s M&O was $0.1365 which coupled with the bond repayment rate (I&S) of $0.1031 totaled $0.2396. Since the bonds will be fully serviced at the end of next month, the coming year’s total tax rate will be the M&O rate only, the $0…