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- 7,050 students in grades PK 3-12
- Public Private Early Childhood Center (MECC)
- District of Choice
- Mega Magnet High School – 4 Small Learning Communities
- Teen Health Center – Free Health Care 0-21
- 5 Elementary Schools, 3 Middle Schools, 1 High School, 1 Alternative School, and 1 EEC
- Blue Ribbon School
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Foundation School Program
- Establishes the amount of state and local funding due to school districts
- Tier 1 – Basic Allotments
- Tier 2 – Supplemental Funding
Available School Fund
- Prior year Average Daily Attendance multiplied by the rate adopted by the State Board of Education
- WADA – Weighted Average Daily Attendance = $5,648
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Chapter 41
Districts are responsible for funding a portion of Tier 1 entitlement, called Local Fund Assignment (LFA).
Recapture is a mechanism in state funding formula that ensures that a district’s property wealth per student does not exceed certain wealth levels set in statute.
- EWL $319,500
- Recapture $514,000
- GISD $782,577
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DEBT SERVICE
- Funds collected only for the repayment of debt (i.e., annual principal and interest payments).
- May only be used if the district receives voter approval.
- Under current State mandate, districts may set an I&S tax rate not to exceed $0.50 per $100 valuation (GISD Current: $0.095).
- Debt Service Funds are NOT subject to the “recapture” formula
- Capital Expenditures
- Land
- Building Construction/Renovations
- Technology Infrastructure
- New Buses
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Galveston ISD has not increased the tax rate for the last 7 years.
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- Dickinson ISD – $0.48
- Santa Fe ISD $0.362
- Clear Creek ISD $0.360
- Friendswood ISD $0.237
- Galveston ISD $0.095
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- 49 Members: Community leaders, parents, teachers and local business owners representing a diverse cross section of the island
- Received information from district administration and industry professionals and provided input regarding Galveston ISD’s need for capital projects
- February 7: Presented recommendation to the Galveston ISD Board of Trustees
- February 7: Galveston ISD Board of Trustees approved recommendation and called election for May 5, 2018.
