At a called meeting this Tuesday, the Greenville Independent School District Board of Trustees will consider approving the district’s budget for the 2019-20 school year.
There is no public hearing about the budget on the agenda, nor is there a “receive individuals and/or delegates” – or “citizens to be heard” planned, but the board members will discuss and possibly vote on the budget in open session.
The meeting will begin at 5:30 p.m., in the Wesley Martin Administration Building at 4004 Moulton St.
According to the prospective budget, GISD’s finance team projects that the district will receive about $24.5 million in local tax revenue, $24.8 million in revenue from the state and $850,000 in federal funds, for a total of approximately $50.2 million in the 2019-20 fiscal year.
Expenditures for the school year are estimated at:
– Teacher salaries - $25.88 million
– Instructional resources and media - $203,207
– Curriculum and staff development - $1.47 million
– Instructional administrator salaries - $647,611
– School administrator salaries - $3.03 million
– Counselor salaries - $1.3 million
– School nurse salaries - $412,227
– Bus driver salaries - $1.47 million
– Co-curricular activities - $1.59 million
– Central Administration - $2.16 million
– Maintenance and operations - $5.1 million
– Security and monitoring - $454,696
– Data processing and IT (information technology) - $1.6 million
– Community services - $25,000
– Debt Service = $406,810
– Payment to fiscal agent - $150,000
– Appraisal Services - $605,000
The district’s total projected expenditures for the year, as shown on the prospective budget, come out to just over $46.5 million – leaving approximately $3.67 million left over if revenues are as projected.
The proposed property tax rate for GISD in 2019-20 is about $1.228 for every $100 of a property’s value. The proposed tax rate is a 7-cent reduction per $100 valuation compared to the current rate of $1.298.
However, with the average taxable value of a home in Greenville increasing from about $101,200 last year to $114,500 this year, the average amount in taxes that a homeowner in Greenville pays toward the school district has increased from about $1,313.60 to just over $1,406.
This means that with the total taxable value of property in Greenville being more than $2.4 billion this year compared to a city-wide taxable value of about $2.1 billion last year, the district would still receive about $2.2 million more in property tax revenue despite the lower proposed tax rate.