The GCISD trustees set the tax rates.
The amount in taxes paid to GCISD is determined by the tax rate multiplied by our property value. Thus, taxes can go up:
There are two tax rates that comprise the total GCISD tax rate, which puts the money into two different buckets for GCISD to use.
Money collected in one bucket cannot be moved to the other bucket, so Debt Service money cannot be used for Maintenance and Operations.
Robin Hood is a Texas program which GCISD is required to pay into that takes money from the M&O Bucket. Because of this, it is more efficient to pay for capital improvement projects and equipment through bonds.
-Blue is the Principal payment.
-Red is the Interest payment.
-The first year is 2020.
-It will take until 2041 to pay off our debt without new bonds.
This table is from the district's annual Budget Book for 2021-2022.
That budget was adopted June 21, 2021.
This graph shows the net taxable value history for GCISD since the 2017-2018 school year.
This graph shoes the percent of students who met or exceeded grade level expectations district-wide for all STAAR subjects, starting back in the 2017-2018 school year. All data derives from the district's annual TAPR numbers (Texas Academic Performance Report). Students did not take the STAAR in the 2020-2021 school year.