Denton ISD officials project a roughly $325,000 surplus for fiscal year 2026-27 following board approval of next fiscal year’s general fund at a June 9 board meeting.
Zooming in
The budget projects the district collecting nearly $380.34 million in revenue and spending more than $380.01 million in expenditures with a property tax rate of $1.1922 per $100 of valuation.
The district’s tax rate is split between the maintenance and operations rate and the interest and sinking rate. The maintenance and operations rate provides funds for the district’s operations, like staff salaries. The interest and sinking rate raises funds pay off bond debt, according to the Texas Education Agency.
The TEA sets a portion of the district’s maintenance and operations tax rate, said Jennifer Strewart, DISD’s executive director of budget.
The TEA-controlled portion of the maintenance and operations tax rate is $0.6022 per $100 of valuation.The district-controlled portion of the tax rate is $0.11, up from $0.06 in FY 2024-25, after voters approved a tax rate election in November 2025.
The interest and sinking rate is $0.48 and hasn’t changed since 2017, Stewart said.
By the numbersStewart’s projections show the district expects to collect about $255 million in property taxes, up from about $244 million in the 2025-26 FY amended budget. DISD also expects to collect $8.8 million in other local revenue, $114 million in state funding, $1.4 million in federal funding and $1 million in other funding sources.
The district’s biggest expense is personnel, accounting for just under 79% of expenditures. The district approved a
4% pay raise for teachers and librarians and a 2% pay raise for all other staff at the May board meeting.
Projections show the district collecting about $325,000 more in revenue than incurring in expenditures.
Looking aheadStewart said the interest and sinking tax rate will remain the same and the district will receive updated property values in July. The TEA will determine their portion of the tax rate based on those property values.
The district will officially approve the tax rate in September, Stewart said.
