Tax Rate Election 2020
Our district has a history of being financially responsible, stretching its budgets, doing more with less and being good stewards of taxpayer dollars. We now need additional funding to support our innovative programs and competitive teacher salaries. Historically, as local property values went up and tax bills increased, that did not mean GISD received more money. Instead, the state reduced its portion of school funding. Meanwhile, things like the district’s utility costs or the cost of living expenses for staff continued to increase. The only way for districts to receive additional revenue is with a TRE.
What is the TRE?
While some school districts have used TREs to increase their property tax rate, GISD is taking a different approach. If approved by voters, our TRE will lower the property tax rate by nearly five cents and generate an additional $42 million to support district programs.
Homeowners will see their lowest tax rate in six years.
If approved by voters, the TRE referendum will provide a new Garland ISD property tax rate of approximately $1.34 per $100 valuation – a nearly five cent decrease from last year and a nearly twelve cent decrease from 2018-19.
By listening to the input of residents, taxpayers and business owners from across Garland, Rowlett and Sachse who offered their guidance on the management of our district, the final result of the TRE will be a property tax rate that is the lowest the community has seen since 2014-15.
Each student in every school can be impacted by the TRE.
With the additional $42 million we would receive annually, we can sustain our award-winning academics, athletics, fine arts and much more.
The funds would also help us expand our full-day Pre-K program and continue to provide competitive salaries for teachers.
Additionally, we can offer more opportunities for career training and earning college credit, improve special education and dyslexia programs, and maintain responsible class sizes while keeping student and staff safety our top priority.
The development of the TRE was a community-focused effort.
The Board of Trustees and district leadership spent countless hours reviewing funding options and seeking input from teachers, parents and taxpayers.
The TRE would increase our Maintenance and Operations tax rate by seven cents to help pay for competitive teacher salaries and protect academic programs while reducing our Interest and Sinking tax rate by nearly twelve cents.
The result is an overall property tax rate that is almost five cents lower than last year, twelve cents lower than 2018-19 – and the lowest tax rate GISD has had in the past six years.