Grapevine-Colleyville ISD to end FY 2025-26 with $1.47M shortfall

By the numbers

The report also showed that payroll was responsible for about 85% of the district’s expenditures, and payroll costs had gone up by roughly $2 million since the 2024-25 fiscal year due to staff raises, despite implementing staff reductions.

"Being in a service industry, payroll is our largest cost," McBride said. "There have been some personnel reductions, but as you can see here, payroll has gone up. That's primarily due to raises in salaries and benefits."

The $1.47 million shortfall is about $300,000 lower than FY 2024-25 deficit and $1.3 million lower than FY 2023-24 deficit, per McBride’s report. The district passed a tax rate election in November 2024, which brought in about $6 million in additional revenue.

Looking ahead

District officials will adopt the 2026-27 fiscal year budget in June, after the district receives preliminary tax values and campuses submit their budgets, McBride said.