1 minute
GISD makes 2020-2021 budget, tax rate proposal
-
Graham ISD Assistant Superintendent/Financial Director Don Davis talks to the GISD Board of Trustees Wednesday about the proposed budget and tax rate for 2020-2021. The board will meet again on Aug. 28 and host a public hearing for the proposed budget and tax rate. (Leader photo by Thomas Wallner)
The Graham ISD Board of Trustees reviewed the proposed budget and tax rate Wednesday and accepted them for adoption during a set Aug. 28 public hearing and board meeting. The board approved the proposed tax rate which will remain unchanged from last year’s rate.
Last year, the board approved a tax rate of $1.277 per $100 valuation which was the lowest rate approved from the board after remaining at $1.347 per $100 valuation since 2013. The board is proposing the same lowered rate from last year this year.
The proposed total budget will be an increase of $197,897 over last year’s budget, going from $24,452,013 in the 2019-2020 budget to $24,649,910 in the 2020-2021 budget. Those expenditures are $4,485 in the Athletic Fund, $131,284 in the General Fund, $49,343 in the Food Service Fund and $12,785 in the Debt Service Fund.
“So the budget increased from ($24,452,013) to ($24,649,910) that’s .65% is what that is. Most of the time the budget goes up 2-3%,” Assistant Superintendent/Financial Director Don Davis said.
For the rest of the story, see the Aug. 15 edition of The Graham Leader.
