The document discusses the proposed property tax rate for the City of College Station for fiscal year 2015. It notes that the current tax rate is 42.5958 cents, while the effective and proposed rates are 41.4996 cents and 45.2500 cents respectively. This would be an increase of 2.6542 cents over the current rate and generate an additional $1.6 million in revenue. The city council is being asked to vote on adopting the new total tax rate of 45.2500 cents, composed of a maintenance and operations rate of 25.9447 cents and a debt service rate of 19.3053 cents.