1. AN UPDATE ON
SCHOOL FINANCE
& TAX RATIFICATION ELECTION

2. THE TEXAS LEGISLATURE UNDER-FUNDED EDUCATION
BY $5.4 BILLION FOR A TWO YEAR PERIOD!

3. WHAT IMPACT DOES THIS HAVE ON
GEORGETOWN ISD?

4. 2011 2012
2012
4.8
$7.2 2013
2.4
Million Million Million
in State Aid

5. BESIDES STATE AID REDUCTIONS
Revenue per student frozen since 2006.
No additional revenue due to increased
property values.
Reduction also in Federal Entitlements.
Increased operational costs.

6. WHAT HAS GISD DONE TO MEET THESE
CHALLENGES OF REDUCED REVENUE?

7. Georgetown ISD
PERSONNEL REDUCTION HISTORY
Employees Reduction
2
2010-2011
1692 - 0
2011-2012 1570 (122) 8
2012-2013 1484 (86)

8. Three Year
Salary/Benefit Freeze
for all Employees

9. Elimination
of all Major
Capital Purchases

10. OTHER REDUCTIONS
Use of Substitutes - Sub Benefits
Staff Travel - Supplies - Bus Routing
Trash Pickup - and more ...

11. GEORGETOWN ISD
CURRENT BUDGET ANALYSIS

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13. At the
end of
2012 $653,674
2013
General Fund Deficit

14. GEORGETOWN ISD
TAX RATE INFORMATION

15. TAX RATE COMPONENTS
General Fund (Maintenance and Operations M&O)
Predominately used for employee
salaries and benefits.
Utilities, Supplies, Equipment, Travel
Contracted Services
Debt Service (Interest and Sinking I&S)
Can only be used for payment on bonds
sold to construct district facilities.
Cannot be used for operational costs
such as salaries.

16. Williamson County School Districts
TOTAL TAX RATE 2011-2012
Hutto $1.5401
Leander $1.4998
Pflugerville $1.4800
Taylor $1.4500
Jarrell $1.3900
GEORGETOWN $1.3580
Round Rock $1.3350
Liberty Hill $1.3350
Florence $1.3000
Thrall $1.2100
Granger $1.1050
Coupland $1.0401

17. GEORGETOWN ISD INFO ON A
TAX RATIFICATION ELECTION

18. Understanding School Finance
School districts in Texas are allowed to tax
up to $1.04 per $100 of property value for the
district’s maintenance and operations.
Tax dollars collected are supplemented with
State and Federal funds.
With voter approval, districts are allowed to
to add an additional 13 cents to the tax rate.

19. IT’S ALL ABOUT THE PENNIES
Gold Pennies ($1.04-$1.06)
This amount brings in taxpayer dollars and
generates additional State aid.
Silver Pennies ($1.00-$1.04)
The amount allowed by state law without
voter approval.
Bronze Pennies ($1.06-$1.17)
The amount brings in taxpayer dollars, but a
portion of the funds is given to the State.

20. FOR GEORGETOWN ISD
- Four cents makes sense -
Citizens approval of moving General Fund
tax rate from $1.04 to $1.08
will generate revenue gain of $2.18 million.

21. Georgetown ISD
ANALYSIS IN PENNY INCREMENTS
TAX RATE TAX RATE TAX RATE TAX RATE
OF OF OF OF
$1.05 $1.06 $1.07 $1.08
LOCAL
TAXPAYER $536,081 $1,071,368 $1,605,872 $2,139,605
AMOUNT
REVENUE
INCREASE
WITH $711,527 $1,420,998 $1,785,811 $2,180,174
STATE AID

22. Georgetown ISD
ANALYSIS IN PENNY INCREMENTS
TAX RATE TAX RATE TAX RATE TAX RATE
OF OF OF OF
$1.08 $1.09 $1.13 $1.17
LOCAL
TAXPAYER $2,139,605 $2,672,577 $4,797,108 $6,910,281
AMOUNT
REVENUE
WITH $2,180,174 $2,558,398 $4,061,644 $5,549,783
STATE AID
+/-
GISD GETS +$40,569 -$114,179 -$735,464 -$1,360,498
TO KEEP

23. Georgetown ISD
TRE TAX LEVY IMPACT
Type of Taxes at Taxes at TRE Annual Monthly
Property Current Rate Approved Rate Difference Average
$100,000
Home
$1,358 $1,398 $40 $3.33
$194,000
Average Home
$2,640 $2,718 $78 $6.50
$500,000
Business
$6,790 $6,990 $200 $16.67
$1,000,000
Business
$13,580 $13,980 $400 $33.34
NOTE
Over 65 and disabled individuals whose taxes are frozen
WILL NOT experience any tax increase if the TRE is passed.

24. HOW WOULD TRE FUNDS BE USED?
Maintain the level and quality
of current student programs.

25. GEORGETOWN TRE SUMMARY
Voters will be asked to
approve an additional
$0.04 per $100 tax rate.
Proposed tax rate will
generate an additional
$2,180,174 in state and
local revenues.
Early voting begins 9/24.
Election date is 10/9/12.