Pleasant Grove Independent School District assesses two tax rates on the property owners of the district. The funds collected with the Maintenance and Operations (M&O) Tax Rate are used to pay the day-to-day operating cost of the district. This includes salaries, utilities, professional services, supplies, and misc. expenditures. The funds collected with the Interest and Sinking (I&S) Tax Rate, or Debt Service Tax Rate, are used to pay bonded indebtedness previously voted on by the citizens of the district. Funds collected with the I&S Tax Rate cannot be used for any other purpose.