The rate for the 2008 election has been set at $1.56888 per vote.
The new rate was set by the committee this evening at 2.16.
The previous rate of 5.75 percent was set in June.
The rate was set to drop to 6.0 percent next year.
Under current law, the state sets rates for $16 billion in hospital services.
Most banks have set their rates at 6 percent since July 1992.
The highest rate is set for the weekend at the end of the month, when most people move.
In 2008-2009 the rate was set by the school board at 13.80000 mills.
Commercial banks are likely to be allowed to set their own rates.
The Legislature would have a rate set for each hospital based on that hospital's history of costs.
