Thursday, February 24, 2011

GCISD Budget Facts from GCISD Website

2010-2011 Budget Facts  (dollar amounts are rounded)
Operating Budget$143.3 million, which includes approximately $29 million for GCISD's distribution of tax revenue, better known as "Robin Hood" payments)
Per Pupil Expenditure
$9,760 (excluding Chapter 41 and TIF)
(General Operating & Debt Svc.) 
Total Tax Rate
$1.29 per $100 valuation of homes ($1.29 - in 2009)
reflects a debt service of $.2500 and $1.04 for maintenance and operations.

Source of Funds (General Operating) 

Local 83.81 percent
State 15.84 percent
Federal .35 percent 

Average 2010 Taxable Value of Residences (based on May 15th values)
$247,205 ($251,734 in 2009) 

Taxes Due on Average Residence in 2010 (based on May 15th values)

$3,188.94 ($3,247.37 in 2009) 
Budget approved June 21, 2010 by the Board of Trustees

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