The details
Board President Shannon Braun said there were several elements beyond the board’s control that contributed to the deficit, including:
- $780,000 for additional school resource officers per a state mandate
- A $900,000 error in CTE funding made by a prior school board
- Changes in recapture
The backstory
School districts depend on property taxes for the majority of their overall revenue for maintenance and operations. From a percentage standpoint, GCISD’s revenue can be broken down as follows:
- Property taxes: 84%
- State revenue: 8%
- Other local revenue: 7%
- Federal revenue: 1%