Sec. 1015.252. TAX RATE. (a) The board may impose the tax at a rate for the initial tax year not to exceed eight cents on each $100 valuation of taxable property. (b) The tax rate for all purposes may not exceed 12 cents on each $100 valuation of all taxable property in the district, unless the tax rate is increased as provided by Section 1015.254 . (b-1) If an increase in the tax rate is approved at an election under Section 1015.254 , the tax rate for all purposes may not exceed the maximum tax rate approved by the voters at the election. (c) In setting the tax rate, the board shall consider income of the district from sources other than taxation. (d) The board may decrease the tax rate or may elect not to impose a tax.
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