The New Franklin R-I School Board will keep the district’s tax rate steady for a third year.

At last Wednesday’s meeting, the board of education agreed to maintain a rate of $5.2496 per $100 of assessed valuation. Superintendent Benjamin Dorson says the rate remains split between $4.4266 for the operating levy and $0.823 for debt service. The board then approved adjustments to their budget and an application for state transportation aid, as well as adopted the state and local special education compliance plan.

Also at last week’s meeting, the board authorized the issuance and sale of $2 million in bonds to fund improvements to New Franklin’s campus. The bonds follow the passage of April’s no-tax increase ballot measure.