Grapevine - Colleyville - Southlake Edition | October 2024

BY COLBY FARR

Stay tuned

Diving in deeper

population and have higher property values, making it more challenging for young families to purchase a home,” Schnautz said. District officials have recently opened transfer opportunities for children of employees at the cities of Grapevine and Colleyville, he said.

A decline in student enrollment can directly affect the district’s entitlement to funding from average daily attendance. Sibley estimated the district has lost $4.1 million in revenue since the 2019-20 school year due to a loss of 669 students. “This is common amongst districts across the state that are no longer growing, have an aging

As Election Day gets closer, Schnautz said the district aims to communicate with voters everywhere they can. Officials are also disseminating information via mail and town halls ahead of the election. “Although the district is asking the voters to consider a 3 cent increase to the maintenance and operations tax rate, the total tax rate is not increasing,” he said.

GCISD student enrollment

GCISD tax rate

per $100 valuation

2024 average taxable value of a home in GCISD: $485,971

15K

$1.5

13,199

$1.3967

Average tax bill

Tax rate

12,141

12.5K

$1.2

$4,493.77

2023-24

$0.9247

$4,487

If VATRE passes $0.9233

10K

$0.9

$0.9247

0

$0

$4,341

If VATRE fails $0.8933

School year

Fiscal year

SOURCE: GRAPEVINE-COLLEYVILLE ISD/COMMUNITY IMPACT

SOURCES: GRAPEVINE-COLLEYVILLE ISD, SCHOOL DISTRICT STRATEGIES/COMMUNITY IMPACT

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GRAPEVINE - COLLEYVILLE - SOUTHLAKE EDITION

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