Grapevine-Colleyville voters approve tax rate to help with daily operating expenses
Grapevine-Colleyville school district voters approved a tax rate that will provide $6 million for school operations.
Voters approved the proposals 57.90% to 42.10%, according to unofficial results with all 350 vote centers reporting.
Grapevine-Colleyville voters were asked to approve increasing the maintenance and operations portion of the property tax rate from 72.9 cents per $100 of assessed value to 73.69 cents.
In August, the school board approved a decrease in the property tax rate, to 92.47 cents, so the total tax rate will be 14 cents less than the previous year, according to district officials. Over the last five years, the district’s tax rate has dropped by 37.98 cents.
“From the bottom of my heart, thank you to our community for your ongoing support of our district,” said Superintendent Brad Schnautz in a statement early Wednesday, Nov. 6. “This community is special. I’m incredibly honored to serve alongside our dedicated employees, proud of our talented students, and grateful to the fellow parents here, where we know all of our kids are receiving an amazing education. We look forward to continuing to provide a path of success for every student.”
The additional tax revenue means $6 million in funding Grapevine-Colleyville can use for teacher salary increases, transportation and other daily expenses.
Grapevine-Colleyville and other districts across the state are dealing with budget shortfalls after the Legislature failed to allocate funding to address inflation of almost 20%. The basic allotment funding per student has not increased since 2019. Districts must also pay for other state mandates such as school security.
The district has 41,485 students.
This story was originally published November 5, 2024 at 7:41 PM.