Education
BY HANNAH JOHNSON
Celina ISD lowers tax rate for FY 2023-24 To account for a higher tax base, Celina ISD officials have lowered the district’s tax rate for fiscal year 2023-24. The CISD board unanimously approved the district’s tax rate of $1.2381 per $100 of assessed value Aug. 21. This rate is 13% lower than last year’s rate of $1.4235 per $100 valuation. The gist The maintenance and operations rate, which covers the district’s operational expenses, is $0.7381 per $100 valuation. The debt service rate is $0.50 per $100 valuation. Despite a lower tax rate for the new school year, district officials said CISD is still expected to garner more funds than last year due to rising property values.
Funding schools The board approved a shortfall, which means the district is expecting to spend more than it will receive in revenue. The budget accounts for growth of 2,600 students from the 2022-23 school year.
$296.21M in the general fund
$ 13.25M in the child nutrition fund
$99.35M in the debt services fund
$408.81M total budget
SOURCE: PROSPER ISD/COMMUNITY IMPACT
Prosper ISD budget shows $9.79M shortfall To account for additional staff and the opening of new schools in the 2023-24 school year, Prosper ISD officials increased its annual budget by $45.7 million. “With the fast growth we’re experiencing, ... we feel this is the most conservative and responsible budget,” Chief Financial Officer Michele Seese said. “Adopting the proposed deficit ensures we
are assuming a worst-case scenario.” A closer look
The preliminary general budget accounts for $296.21 million in revenue from local, state and federal sources, Seese said. Expenditures for the district’s maintenance and facilities increased 17.84% to $27.89 million in the new budget. This budgeted amount is higher to help cover the district’s costs with opening new schools, Seese said. More than 81% of the budget is allocated to employee salaries.
We will bend over to help you with your roof backwards
Early Intervention ABA therapy Sweet results! + = It’s simple math, our accredited Applied Behavior Analysis therapy can: • Help children with autism and other special needs reach their full potential. • Shown to have long-term positive effects. • Children can get started as early as two years old!
Call us today for a FREE, No Obligation Roof Inspection
See the difference expert, caring, and fun ABA therapy can make! NOW ENROLLING for fall!
LEARN MORE!
enroll@behaviorexchange.com
972.312.8733
11
PROSPER - CELINA EDITION
Powered by FlippingBook