Education
BY HEATHER MCCULLOUGH
GCISD secures additional $6M
Looking ahead
GCISD's tax rate from FY 2020-25
Maintenance and operations rate
Interest and sinking rate
The district is finding other ways of gaining revenue to deal with the increase of inflation over the past five years, Johnson said. In January, the district formed an education master planning committee, which was composed of district staff, parents and community members, to explore ideas for saving money or generating revenue for the district, said Nicole Lyons, GCISD’s executive director of communications. “The goal [is to] discuss long-term financial sustainability and generating ideas around how we get there,” Lyons said.
$1.5
$0.3367
$0.3217
$0.2217
Grapevine-Colleyville ISD secured an annual multi-million revenue increase after a voter- approval tax rate election passed in November. The election helped offset a predicted $5.3 million shortfall, according to previous reporting. The district is using the funding to stabilize its budget and plan for the future. Voters approved a 3-cent increase in maintenance and operation taxes that is not subject to recapture, which is property tax revenue that returns to the state to distribute to less affluent districts. In the last five years GCISD officials lowered the tax rate by over $0.47 per $100 valuation, GCISD Superintendent Brad Schnautz said.
$0.1957
$0.1864
$1
$0.5
$0
Expected future funding
THE 2025-26 TAX RATE WILL NOT BE APPROVED UNTIL LATE AUGUST OR SEPTEMBER, ACCORDING TO GCISD REPRESENTATIVES.
Sponsorship and Program Support Agreement with Baylor Scott & White Medical Center-Grapevine: $200,000 annually for five years starting Feb. 1, 2025
SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT
*NOTE: THIS IS WITH THE VOTER APPROVED TAX RATE.
Looking back
Bus advertisement program: Estimated $12,000-$14,500 annually until 2031
Extra revenue was needed to offset inflation, district leaders said. The state passed House Bill 2 on June 4, which increased the basic allotment for the first time since 2019, by $55, GCISD Chief Financial Officer David Johnson said. “The basic allotment went up a little less than 1%, versus the 20% inflation that we [have] experi- enced [since 2019],” Johnson said. Senator Brandon Creighton stated HB 2 aims to provide long-term budget stability for districts.
IF GCISD’s VATRE didn’t pass in 2024
GCISD’s budget would have needed reworking to cover a $5.3 million deficit if the VATRE failed.
Reimbursement grant for Texas Education Agency’s mandated school safety standards: Reimbursement of up to $507,249
$6 million less in funding for FY 2025-26
Calling another VATRE for Nov. 2025 election Possible staff reduction at every campus
Oncor rebate for chiller upgrades: One time payment of $22,722
Possible reduction of programs at every campus
SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT
SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT
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