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of a process that redistributes tax dol- lars from property-wealthy districts to those deemed property-poor by the Texas Education Agency. “Even though we collect the increased taxes, we don’t get to keep it,” said David Johnson, CISD assistant superintendent for nancial services, addressing the board of trustees in late July. GCISD trustees approved the dis- trict’s scal year 2022-23 budget in a 4-3 vote on June 20 that requires cutting spending by more than $4.44 million during the school year to align expenses with revenues. CISD trustees, meanwhile, are expected to vote to adopt the district’s budget in late August. The district plans to use $4 million from the sale of the former administration building on Dove Road along with nearly $3 million in property tax revenue it will be allowed to keep in connection with 2021’s Winter Storm Uri to balance its budget. Both are one-time options not available in the future, Johnson said. School ocials are looking to Texas legislators to make changes in the school nance law, which is based on a complicated formula that is applied statewide. “We’re cognizant of the fact that the legislature is going to convene in Jan- uary, and given the inationary pres- sures and some of the things that are posing enormous challenges to dis- tricts across the state of Texas, I think they’ll see pressure to make an adjust- ment to the basic allotment, which … [determines] revenue,” Johnson said. “I’m hopeful that the legislature will do something with that to provide district relief.” Split vote on budget GCISD’s adopted budget for the
PROPERTY TAX RATE HISTORY
Property tax rates generate revenue in two separate funds: maintenance and operations, and debt service. 2.0 M&O rate Debt service rate
School district property tax rates have been declining since the 2019 passage of House Bill 3 in the Texas Legislature. 2.0 M&O rate Debt service rate
Recapture payments redistribute revenues from property- wealthy districts in Texas to property-poor districts.
Recapture payments for GCISD declined in 2020 due to House Bill 3 but then increased.
$60M $45M $30M $15M $0
$40M $30M $20M $10M $0
CISD’s student enrollment is projected to reach 8,487, which would be a 1.17% increase from 2021-22.
GCISD’s student enrollment is projected to be 14,063, which would be a 0.36% increase from 2021-22.
0 7,500 8,000 8,500 9,000
0 13,500 14,000 14,500 15,000
SOURCES: CARROLL ISD, GRAPEVINECOLLEYVILLE ISD, TEXAS EDUCATION AGENCYCOMMUNITY IMPACT NEWSPAPER
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