BY SIERRA MARTIN
Put into perspective
What’s next?
Voting locations and information about the Nov. 7 ballot can be found on Page 10 of this edition of Community Impact . More information on the VATRE election can be found at www.nbisdnews.org/elections. “It’s important to remember that in this voter-approval tax rate election, we’re giving the choice back to our stakeholders,” NBISD Board Secretary Steve Minus said. “We encourage everyone to participate in the upcoming election.”
shortfall for the current 2023-24 fiscal year, a mea- sure they do not plan to make on an annual basis. “The district would need to consider options to reduce expenditures or find alternative revenue sources going forward if the state does not pass a school funding bill in a future special legislative session,” McLarty said. If the local VATRE passes: • The district will still see a $2 million shortfall. • The district will propose the use of the general fund’s balance to meet the financial gap for FY 2023-24, according to the district. • It would provide funding for educational programs, including programs originally paid for with COVID-19 funding, according to the district.
State lawmakers have dedicated $12.7 billion to reduce school district maintenance and operations taxes, which make up the majority of the tax bill. Schools will receive funding from the state to ensure they do not lose revenue as tax rates fall, but NBISD is asking voters to approve an addi- tional 3 cents to close the gap in their budget. “Lawmakers have not raised the basic allotment, which is the minimum amount of funding per student that school districts receive from the state, since 2019,” NBISD Chief Financial Officer Paul McLarty said. According to McLarty, the district will still see a $2 million shortfall for the 2023-24 budget if the VATRE passes. The district would propose to use the general fund balance—or funds left over from the previous school year—to meet the financial
If approved
• Proposed tax rate: $1.0419 • Decrease in the average NBISD tax bill per month compared to last year: $73 • Revenue raised by the district: $2.5 million
New Braunfels ISD tax rate Interest and sinking: money spent on debt service, including new construction, renovations and technology. Maintenance and operations: funding goes toward staff salaries, utilities, programs, among other operational costs.
$1.37
FY 2018-19
If denied
$1.30
FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 if denied FY 2023-24 if approved
• Tax rate in the district: $1.0119 • Decrease in the average NBISD tax bill per month compared to last year: $80 • Budget shortfall for 2023-24 school year: $4.5 million
$1.22
$1.20 $1.20
$1.01
$1.04
SOURCE: NEW BRAUNFELS ISD/COMMUNITY IMPACT
$0
$0.1
$0.2
$0.3
$0.4 $0.5 $0.6 $0.7 $0.8 $0.9 $1 $1.1
$1.2
$1.3
$1.4
$1.5
Tax rate
SOURCE: NEW BRAUNFELS ISD/COMMUNITY IMPACT
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NEW BRAUNFELS EDITION
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