Grapevine-Colleyville ISD 2020-21 budget to increase teacher pay

Grapevine-Colleyville ISD trustees approved the 2020-21 budget. (Courtesy Fotolia)
Grapevine-Colleyville ISD trustees approved the 2020-21 budget. (Courtesy Fotolia)

Grapevine-Colleyville ISD trustees approved the 2020-21 budget. (Courtesy Fotolia)

Grapevine-Colleyville ISD’s 2020-21 budget includes increased pay for teachers along with a higher recapture payment to the state.

During the June 15 GCISD board meeting, trustees adopted the budget for the upcoming school year while taking into consideration school funding laws approved during the 2019 legislative session. The budget is composed of three parts that the board must adopt annually: the general operating budget, the child nutrition budget and the debt service budget.

In the district’s general operating budget, 87.63% of expenditures go to the district’s payroll, Chief Financial Officer DaiAnn Mooney said. That cost next school year includes raising the GCISD starting teacher salary to $54,000, while also providing at least a 1% of midpoint compensation increase for all employees, according to meeting documents.

The general operating budget of $196.6 million was built on an estimated maintenance and operations tax rate of $0.9564 per $100 property valuation. The official tax rate is expected to be approved in August after the board receives the July 25 certified property values, Mooney said.

The district is projecting a recapture, or “Robin Hood,” payment of $50.9 million, which is an increase of $1.43 million from the 2019-20 budget year, according to a district news release.


“This calculates to about 31.5 cents of every tax dollar collected will be paid to the state,” Mooney said.

The child nutrition budget was approved for $6.2 million. This budget consists of local food sales and federal School Lunch & Breakfast program revenues. This budget also supports the entire Child Nutrition program without supplementation from the general operating budget, according to the district news release.

The debt service budget was approved for $56.4 million with an estimated tax rate of $0.3567 per $100 property valuation. This budget also includes prepaying bonds in the amount of $12.78 million, which will save taxpayers an estimated $7.9 million in future interest costs, Mooney said.

The debt service budget is comprised of bonds that voters approved in 2016 to construct a new Cannon Elementary School, two multipurpose centers and renovations and security upgrades.

The 2020-21 school year budget must be adopted before the end of the fiscal year on June 20, the district said in a news release. However, several decisions that could be made as school begins could affect the budget, raising the possibility that the district will need to come back and amend the budget at a later date.
By Miranda Jaimes
Miranda has been in the North Texas area since she graduated from Oklahoma Christian University in 2014. She reported and did design for a daily newspaper in Grayson County before she transitioned to a managing editor role for three weekly newspapers in Collin County. She joined Community Impact Newspaper in 2017 covering Tarrant County news, and is now back in Collin County as the editor of the McKinney edition.


MOST RECENT

The First Street Foundation's dataset includes a forecast models that anticipate the effects of climate change and sea level rise. (Screenshot via First Street Foundation)
Analysis: FEMA may be undercounting national total flood risk by as much as 70%

The new dataset includes an interactive Flood Factor dashboard that anyone can use to assess the risk of flooding over a 30-year period for any address.

(Courtesy Adobe Stock)
Carroll ISD officials solicit feedback for instructional delivery in the fall

The three models of instruction being explored include in-person instruction, virtual instruction and a hybrid of the two, according to the district.

Gov. Greg Abbott
Gov. Greg Abbott: Texans must wear masks in public starting July 3

"COVID-19 is not going away," Gov. Abbott said. "In fact, it is getting worse."

When interest rates are low, homeowners may look to save money by refinancing, which means getting a new mortgage with a better term or interest rate to lower payments. (Source: Matt Frankel/Community Impact Newspaper)
'Refinancing isn't free:' How to navigate refinancing a mortgage

When interest rates are low, homeowners may look to save money by refinancing, which means getting a new mortgage with a better term or interest rate to lower payments.

Episcopal Health Foundation
Survey: Texans support emphasis on improving economy, safety, pollution to address overall health

“COVID-19 is clearly showing what Texans already know: the state needs to address underlying, non-medical conditions that have a dramatic impact on their health,” Episcopal Health Foundation President and CEO Elena Marks said.

In communities across the nation, Walmart Supercenter parking lots will be transformed into contact-free, drive-in movie theaters beginning in August. (Courtesy Walmart)
Walmart to bring drive-in movies to 160 stores nationwide in August, launch virtual summer camp

Families can also enjoy a virtual summer camp experience Walmart is launching July 8 with sessions led by celebrities, including Drew Barrymore, Neil Patrick Harris and LeBron James.

The Apple Store at Southlake Town Square will temporarily close its doors as COVID-19 cases surge throughout the state. (Courtesy Apple Inc.)
Apple temporarily closes Southlake retail store amid COVID-19 concerns

The Apple Store at Southlake Town Square will temporarily close its doors as COVID-19 cases surge throughout the state.

Spenga facility
SPENGA opening soon in Southlake

Southlake will be home to the first of four Dallas-Fort Worth SPENGA locations.

Money stock art
Comptroller: Texas June sales tax revenue totaled $2.7 billion, down 6.5% from a year ago

The Texas comptroller's office has released June sales tax revenue figures.

The report comes as Texas, like states across the country, puzzles through decisions on what the upcoming academic year will look like for students and staff. (Courtesy Pixabay)
Texas Education Agency: 1 in 10 students have disengaged during the pandemic

More than 600,000 Texas public school students didn't complete assignments or respond to outreach during the coronavirus pandemic.

While there are many unknowns regarding public education operations next year, one thing is for certain: Students will be required to take the State of Texas Assessments of Academic Readiness, or STAAR test. (Courtesy Adobe Stock)
Students to be required to take STAAR test in 2020-21 school year

While there are many unknowns regarding public education operations next year, one thing is for certain: Students will be required to take the State of Texas Assessments of Academic Readiness, or STAAR test.

(Ellen Jackson/Community Impact Newspaper)
Number of new unemployment claims drops in Grapevine, Colleyville, Southlake

Grapevine, Colleyville and Southlake residents are still filing unemployment claims, but at a lesser rate than a month ago, according to Texas Workforce Commission data.