To address a projected $15 million shortfall in the fiscal year 2025-26 budget, Denton ISD officials have called a voter-approval tax rate election that will appear on the Nov. 4 ballot.
The gist: If approved, the tax rate increase is expected to generate around $26.91 million in new revenue for the district, which would result in a projected surplus of more than $11 million. With the additional funding, district officials plan to earmark funds to support costs associated with instruction, district operations, general administration and other services.
What they're saying: “What was very important to us as we worked with our 1925 committee was to hit the tipping points that would help us balance back out, contribute to our fund balance, take care of what we need and not overburden [taxpayers] unnecessarily,” DISD Superintendent Susannah O’Bara said.
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