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Updated: February 24, 2017 @ 12:52 pm
February 24, 2017
If maintenance and operations covers teachers salaries, what other category of expenses are there? Could we have taken this 2cents out of the 13million we already sent to the state? I am supportive of the improvements at GISD but trust would be too strong a word.
Matt, in a word, no. Under the Texas education finance system, we have to pay the state a certain amount of money because we are over the allowed amount of property taxes we can collect. We are considered a "property rich" district and there is no way around that, despite the fact we have a high percentage of economically disadvantaged students. We have to give money back to be redistributed to the "property poor" districts, many that have much less economically disadvantaged numbers.
This is actually being contested in state courts right now as being unconstitutional, but we don't know how long it's going to take to change a broken system.
We have two types of budget. Interest and Sinking is used to pay off bond issuances (which goes towards major purchases such as building schools, buying new technology, buses and facilities). Maintenance and Operations is just that: teacher salaries, keeping buildings maintained, paying for regularly used equipment, keeping students fed, transported, etc. That's basically the budget we use to open the doors every day.
The two-cents aka "golden pennies" rule is given to all school districts almost as a freebie - two cents that can be collected in which the state can't take any of it back to be redistributed back to the "property poor" districts. But voters have to approve it.
Heber detailed it quite accurately. By refinancing our bonds and saving taxpayers millions due to smaller interest rates, we are able drop the Interest & Sinking budget costs (bond issuances) three cents. If voters allow us to obtain the two golden pennies, it will raise M&O two cents, but because we dropped I&S three cents, you therefore you will actually pay less taxes.
So it comes down to this: a "yes" vote means you pay less taxes and we can give teachers raises. A "no" vote means no teacher raises and you continue to pay the current, and potentially higher tax rate.
Let me know if you have any further questions. We'll be hosting some public forums in the next six weeks for those who have further questions.-GISD Communications
Thanks, keep up the good work, reading writing and arithmetic.
No tax increases. If the school taxes go up - I will cancel my subsrciption to the GCDN.Be careful of what you ask for Heber.
Oldsaltydog - there is no way school taxes will increase regardless of the outcome of this election. They will never go above what you are currently paying, which happens to be the lowest tax rate in the region by a fair margin.
I am quoting the Superintendent when I say this.-GISD Communications
Correction: Unlike previously stated, tax rates are going down regardless of the outcome of this election. The I&S budget is being reduced three cents. What GISD is asking voters for is a two cent increase in its M&O budget so the district can give teachers raises, which would result in an overall one-cent decrease in the school district tax rate. State law dictates we must get voter approval for this type of tax increase.
Yes vote = GISD will have the ability to give a teacher pay increase to be more competitive with county districts; taxpayers pay one less cent on tax rate
No vote = no teacher raises, taxpayers pay three less cents on tax rate.
Sorry for the confusion. Thank you to reporter John Ferguson for the phone call to clear that up! That one is on me.-GISD Communications
Do you anticipate that, considering property valuation increases, the anticipated new, lower, school tax RATE will actually produce more s chool tax REVENUE, or be neutral?
Gecroix, the way the finance department budgeted it, the new lower tax rate will keep tax revenue neutral.
Thank you for the clarification.That's good news for taxpayers, if only slightly less so than if their school tax liability were actually going to be lower.
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