The overview
The total tax rate consists of $0.7552 for maintenance and operations and $0.35 for interest and sinking.
Maintenance and operations funds district operating costs, such as employee salaries and utility bills. This is subject to recapture, when the state collects property tax revenue from districts.
The interest and sinking rate generates revenue used to pay off voter-approved debt.
The background
In June, DSISD officials adopted an operating budget of $100.39 million with a shortfall of $2.77 million for FY 2024-25. The budget includes a 1% pay increase for staff.
DSISD will lose about $9.46 million to recapture, which is budgeted for within the $100.39 million general fund, as previously reported by Community Impact.
Going forward
The fiscal year begins Oct. 1. For more information on DSISD’s budget and tax rate, visit www.dsisdtx.us.
