Settle said inflation is impacting increasing expenditures for fuel, freight and utilities. GCISD will also increase its contribution toward employee health insurance to at least $300, which will maintain compliance with the Affordable Care Act, Settle added. This results in a $450,000 increase in expenditures on the employer contribution toward health insurance.
GCISD officials also unanimously approved a compensation plan that increases expenditures by $1.8 million. According to the FY 2026-27 compensation plan, changes include:
- An increase in the starting certified teacher salary to $60,000 per year
- A 1% of midpoint increase for teachers and employees on the professional non-teaching and technology pay plans
- A 2% of midpoint increase for employees on the clerical pay plan, paraprofessionals on the instructional support pay plan and employees on the auxiliary pay plan
- Equity adjustments recommended by the Texas Association of School Boards' HR services and market adjustments, including an additional $5,000 pay increase for campus principals
Additionally, the adopted FY 2026-27 budget projected $39.72 million in revenues for the debt service fund and $47.92 million in expenditures. Settle said the district is looking to use fund balance for the debt service fund to cover the potential $8.2 million shortfall to mitigate a potential tax rate impact to residents.
The child nutrition fund, which will have a surplus of $10,327, will have revenues totaling nearly $4.56 million and expenditures close to $4.55 million, per district documents.
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