One might argue that the benefits of a maximum M&O tax rate is the amount of funding for the school district, however, the primary reason to keep it at lower, manageable rate is to gain support from the voters. The I&S, or Interest and Sinking, fund is used to secure bonded debt so that school districts can maintain, improve, refurbish, or build new facilities. When a bond package is presented to the voters in the community to increase the tax rate for I&S, they may be more likely to support it if M&O has been kept at a reasonable rate.
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