SLIDE 1
TEXAS LEGISLATURE SLASHED SCHOOL FUNDING
BY $5.4 BILLION OVER A TWO YEAR PERIOD!
SCHOOL FINANCE JULY 2012 TEXAS LEGISLATURE SLASHED SCHOOL FUNDING - - PowerPoint PPT Presentation
SCHOOL FINANCE JULY 2012 TEXAS LEGISLATURE SLASHED SCHOOL FUNDING - - PowerPoint PPT Presentation
CITIZENS COMMITTEE ON SCHOOL FINANCE JULY 2012 TEXAS LEGISLATURE SLASHED SCHOOL FUNDING BY $5.4 BILLION OVER A TWO YEAR PERIOD! WHAT IMPACT DID THIS HAVE ON GEORGETOWN ISD? 2012 2011 $7.2 2013 2012 4.8 2.4 Million Million Million in
SLIDE 2
SLIDE 3
WHAT IMPACT DID THIS HAVE ON
GEORGETOWN ISD?
SLIDE 4
$7.2
Million in State Aid
2011 2012
4.8
Million
2012 2013
2.4
Million
SLIDE 5
BESIDES STATE AID REDUCTIONS
Revenue per student has been frozen since 2006. Reduction in Federal Entitlements. Increased operational costs.
SLIDE 6
WHAT HAS GISD DONE TO MEET THE
CHALLENGES OF REDUCED REVENUE?
SLIDE 7
Over 200
Employee Positions
Eliminated
SLIDE 8
Georgetown ISD
PERSONNEL REDUCTION HISTORY
Employees Reduction
2010-2011 1692
- 2011-2012
1570 (122)
2012-2013
1484 (86)
2 8
SLIDE 9
Georgetown ISD % of Employees by Category
2012-2013 PERSONNEL INFO
Teachers
50%
Instructional Aides
9%
Clerical Staff
8%
Professional Support
7%
Transportation
6%
Custodial
6%
Nutrition
5%
Campus Administration
3%
ESE Staff
2%
Maintenance
2%
Technology Staff
1%
Central Administration
1%
SLIDE 10
Three Year
Salary/Benefit Freeze for all Employees
SLIDE 11
Elimination
- f all Major
Capital Purchases
SLIDE 12
OTHER REDUCTIONS Substitute Teachers - Staff Travel Bus Routing - Supplies - and more ...
SLIDE 13
GEORGETOWN ISD
CURRENT BUDGET ANALYSIS
SLIDE 14
!"#$#%&!! !"#$''(!! !")$(*+!! !")$#*(!! !")$'*%!! !",$-#)!! !")$),)!! !")$(*(!! '$-,&! '$%-,! '$'-&! +-$+#,! +-$('#! +-$*++! +-$('(! +-$**-! '$---! '$&--! '$*--! '$#--! '$,--! +-$---! +-$&--! +-$*--! +-$#--! !"#$---!! !"#$%--!! !")$---!! !")$%--!! !",$---!! !",$%--!! &--%.-#! &--#.-)! &--).-,! &--,.-'! &--'.+-! &-+-.++! &-++.+&! &-+&.+(!
!"#"$%&'()#*' +#$,&&-"#.'%#*'/0"$%1#2'3,4.4'0"$'5.)*"#.'
/0123456!789:9!021915:1;! <=:>8?:!@AB!:3C19!
B528DDE15:! F89:9!012!G:?;15:!
SLIDE 15
Georgetown ISD
BUDGET 2012-2013
General Fund Food Service Fund Debt Service Memo Total Revenue
$78,826,429 $5,365,076 $17,326,174 $101,517,679
Expenditure
$79,480,103 $5,365,076 $16,399,987 $101,245,166
Net
- $653,674
$0 $926,187 $272,513
Other Sources
$0 $0 $0 $0
Beginning Fund Balance
$8,085,592 $136,101 $7,351,338 $15,573,031
Ending Fund Balance
$7,431,918 $136,101 $8,277,525 $15,845,544
SLIDE 16
At the end of 2012 2013
$653,674
General Fund Deficit
SLIDE 17
GEORGETOWN ISD
TAX RATE INFORMATION
SLIDE 18
TAX RATE COMPONENTS
General Fund (Maintenance and Operations M&O)
Predominately used for employee salaries and benefits. Utilities, Supplies, Equipment, Travel Contracted Services
Debt Service (Interest and Sinking I&S)
Can only be used for payment on bonds sold to construct school district facilities. Cannot be used for operational costs such as salaries.
SLIDE 19
Williamson County School Districts
TOTAL TAX RATE 2011-2012
Hutto Hutto
$1.5401
Leander Leander Leander
$1.4998
Pflugerville Pflugerville
$1.4800
Taylor aylor
$1.4500
Jarr Jarrell
$1.3900
GEORGETOWN GEORGETOWN GEORGETOWN
$1.3580 Round Rock Round Rock
$1.3350
Liberty Hill Liberty Hill
$1.3350
Flor Florence ence
$1.3000
Thrall Thrall
$1.2100
Granger Granger
$1.1050
Coupland
$1.0401
SLIDE 20
Georgetown ISD
TAX RATE HISTORY
YEAR M & O I & S TOTAL * 2012-2013 * 1.0400 0.318 1.3580 2011-2012 1.0400 0.3180 1.3580
2010-2011 1.0400 0.2500 1.2900 2009-2010 1.0400 0.2500 1.2900 2008-2009 1.0400 0.2500 1.2900 2007-2008 1.0400 0.2500 1.2900 2006-2007 1.3700 0.2550 1.6250 2005-2006 1.5000 0.2550 1.7550 2004-2005 1.5000 0.2650 1.7650 * Budgeted Tax Rate, not Adopted Tax Rate *
SLIDE 21
GEORGETOWN ISD INFO ON A
TAX RATIFICATION ELECTION
SLIDE 22
Understanding School Finance
School districts in Texas are allowed to tax up to $1.04 per $100 of property value for the district’s maintenance and operations. Tax dollars collected are supplemented with State and Federal funds. With voter approval, districts are allowed to to add an additional 13 cents to the tax rate.
SLIDE 23
Maintain the level and quality
- f current student programs.
HOW WOULD TRE FUNDS BE USED?
SLIDE 24
IT’S ALL ABOUT THE PENNIES
Silver Pennies
The amount allowed by state law without voter approval.
Between $1.00-$1.04
SLIDE 25
IT’S ALL ABOUT THE PENNIES
Gold Pennies
This amount brings in taxpayer dollars and generates additional State aid.
Between $1.04-$1.06
SLIDE 26
IT’S ALL ABOUT THE PENNIES
Bronze Pennies
The amount brings in taxpayer dollars, but a portion of the funds is given to the State.
Between $1.06-$1.17
SLIDE 27
FOR GEORGETOWN ISD
- Four cents makes sense -
Citizens approval of moving General Fund tax rate from $1.04 to $1.08 will generate revenue gain of $2.2 million.
SLIDE 28
Georgetown ISD
ANALYSIS IN PENNY INCREMENTS
$1.05 $1.06 $1.07 $1.08
Taxpayer Amount LOCAL
$536,081 $536,081 $535,287 $1,071,368 $534,504 $1,605,872 $533,733 $2,139,605
Amount Retained STATE RETAINED BY DISTRICT
$711,527 $709,471 $364,813 $394,363
Additional State Aid
RECAPTURE
$175,446 $174,184
- $169,691
- $139,370
Cumulative Revenue Increase
$711,527 $1,420,998 $1,785,811 $2,180,174
Green color amounts indicate a cumulative total of how much GISD taxpayers contribute.
SLIDE 29
Georgetown ISD
ANALYSIS IN PENNY INCREMENTS
$1.08 $1.09 $1.13 $1.17
Taxpayer Amount LOCAL
$533,733 $2,139,605 $532,973 $2,672,577 $530,065 $4,797,108 $527,265 $6,910,281
Amount Retained STATE RETAINED BY DISTRICT
$394,363 $378,224 $364,672 $370,835
Additional State Aid
RECAPTURE
- $139,370
- $154,749
- $155,393
- $156,430
Cumulative Revenue Increase
$2,180,174 $2,558,398 $4,061,644 $5,549,783
Green color amounts indicate a cumulative total of how much GISD taxpayers contribute.
SLIDE 30
!"#!! !"$%&&&%&&&!! !"'%&&&%&&&!! !"(%&&&%&&&!! !")%&&&%&&&!! !"*%&&&%&&&!! !"+%&&&%&&&!! !",%&&&%&&&!! !"-%&&&%&&&!! "$.&*! "$.&+! "$.&,! "$.&-! "$.&/! !"$.$&!! !"$.$$!! !"$.$'!! !"$.$(!! !"$.$)!! !"$.$*!! !"$.$+!! !"$.$,!! !"#$%&$"$'&()(*+&,"-.$/(0"1(23.,%(
4%"%&("$5(6.'"7(8&9&$:&(;"+"'#%<("%(=>?>@(!)*(0"1(8"%&(
0123456718!9:!;5351! <6=6>3?@1!A3B1C!3D8!;5351!EF8!0153FD18!
012345671!#!"$.,!=F>>FGD!35! "$.$,!!HIJ!53B!7351!
!"1#A:A(,&9&$:&('"+"'#%<("%( =>?>@((!)*(%"1(,"%&(&B:"7/( =C?CC(A#77#.$(
SLIDE 31
Georgetown ISD
TRE TAX LEVY IMPACT
Type of Property Taxes at Current Rate Taxes at TRE Approved Rate Annual Difference Monthly Average $100,000 Home
$1,358 $1,398 $40 $3.33
$194,000 Average Home
$2,640 $2,718 $78 $6.50
$500,000 Business
$6,790 $6,990 $200 $16.67
$1,000,000 Business
$13,580 $13,980 $400 $33.34
NOTE Over 65 and disabled individuals whose taxes are frozen WILL NOT experience any tax increase if the TRE is passed.
SLIDE 32
School Districts in Texas
TRE HISTORICAL INFORMATION
YEAR RATIFIED NOT RATIFIED TOTAL RATIO
2006 14 1 15 93% 2007 94 26 120 78% 2008 71 46 117 61% 2009 29 18 47 62% 2010 60 17 77 78% 2011 32 12 44 73% 2012 4 4 100% TOTAL 304 120 424 72% Source: Joe Smith, Texas ISD - TRE Totals for 2012 accurate as of July 11, 2012
SLIDE 33
GEORGETOWN TRE SUMMARY
Voters will be asked to approve an additional $0.04 per $100 tax rate. Proposed tax rate will generate an additional $2,200,000 in state and local revenues. Proposed election date is October 9, 2012.
SLIDE 34
WHERE DO WE GO FROM HERE?
Next meeting on Monday, July 23rd Check the pulse of your community. Let us know how we need to proceed.
SLIDE 35