What is a Maintenance and Operations (M & O) Levy?
A Maintenance and Operations (M & O) Levy provides a school district with funds to bridge the difference between the money it receives from the state and the actual cost of operating its schools. At the end of each year, the levy expires and is replaced by the next year’s levy. Our district has typically sought approval of levy funding from the voters every two years. The current levy, passed in February 2086, expires in December 2010. The February 9 levy would replace it, beginning in the spring of 2011.
Related Questions
- Who is responsible for long term operations and maintenance of remedial systems and other engineering controls (ECs)?
- What is the authorized TMDE-SP (Special Purpose) for maintenance operations, not specific to my organization?
- Is Operations and Maintenance (O&M) included in the overall development cost of a project?