Election
BY HANNAH JOHNSON
Celina ISD trustees approve tax rate election for November ballot
Breaking it down
Funding for a district is based on average daily attendance, rather than its enrollment number. The basic allotment for students is $6,160, which has not changed since 2019. CISD’s board of trustees approved a $87.82 million budget with a potential shortfall of $1.94 million in June. Recapture payments redistribute revenue from property-wealthy to poor districts in Texas. CISD’s budget accounts for a payment of $1.63 million. CISD began making recapture payments to the state in FY 2021-22.
The VATRE would provide an additional estimated $1.85 million to assist maintenance and operation funds for the district, Maglisceau said. The election is to increase the operational fund portion of the district’s tax rate. This year’s tax rate will generate an additional $10 million compared to last year due to rising property values. Maintenance and operations, also known as M&O, funds the daily operation of schools. This includes teacher and sta salaries, safety and security as well as academic programming. The district’s total tax rate would be $1.2358 per $100 valuation, if approved by voters. This is broken down between $0.7869 for M&O and $0.4489 for debt payments.
Celina ISD voters will be asked to OK the district’s tax rate for scal year 2024-25 in order to raise the district’s revenue. A voter-approval tax rate election, or VATRE, is used when a district needs to increase its tax rate above a certain threshold, which voters must then consider in an election. This is the sixth year in a row district o cials have lowered the tax rate, Celina ISD Superintendent Thomas Maglisceau said. “This election would enable our district to access additional funding that’s available to school districts in the state through the state’s funding formula,” Maglisceau said during a presentation in a Sept. 10 Celina City Council meeting.
Celina ISD recapture payments
$41,685
2021-22
$263,793
2022-23 2023-24 2024-25
$460,793
$1.63 million
CISD tax rate history
SOURCE: CELINA ISD COMMUNITY IMPACT
Maintenance and operations rate
Interest and sinking rate
$2
With VATRE approval
Without VATRE approval
$0.5 $1.64
$1.5489
$1.4832 $1.4409 $1.4235
Why it matters
$1.5
$0.5
$0.5
$1.2381
$1.2358 $1.2358
$0.5
$0.5
$0.5
$0.5
$0.4489
If the tax rate is not approved by voters, then the district’s tax rate will still be $1.2358 per $100 valuation, but split di erently between the funds. The M&O tax rate will be $0.7358 per $100 valuation. The tax rate for debt payments will be $0.50 per $100 valuation.
$1.14
$1
$1.0489 $0.9832
$0.9409 $0.9235
$0.7869 $0.7358
$0.7381
$0.5
$0
2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
2024-25
SOURCE: CELINA ISD COMMUNITY IMPACT
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