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.
On 9/25/22, GCISD's trustees approved an historic property tax rate decrease, saving our community an average of $600+ annually per household. This decrease will not harm GCISD's operations budget.
For the first time in over 10 years, GCISD will be starting off the year with a balanced budget. This budget initiative was accomplished in coordination with district leadership and voted in by 4 of the 7 trustees (President Ford, Vice President Braun, Secretary Spradley, and member Nakamura).
Any additional expenditures for the year can be approved on an as-needed basis by the board. This allows the board to be flexible and focused with spending. It also allows for maximum transparency to taxpayers about expenditures.
As our country heads into a recession, it is of the utmost importance that GCISD focuses its resources where we need it most -- in the classrooms. This means teacher pay and instructional materials. In accordance with this philosophy, the approved budget included another teacher pay raise to bring their salaries to a competitive market level.
In 2021, Trustee Casey Ford combed through the district's budget and discovered $30,000,000 in unallocated funds. Due to his diligence, that money was recovered for GCISD's budget.
In 2022, Trustee Casey Ford discovered an additional $15,000,000 in unallocated funds in GCISD's budget. His diligence has now recovered $45,000,000 in funds for GCISD over the past two years he has been in office.
Trustees Ford and Braun led the charge to eliminate 18,500 duplicate and unnecessary vendors in GCISD. They also made sure the district followed standard business practices by hiring a new auditor, which had not been done since 2009.
-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.