Bluegrass

GISD to present budget, tax rate

by | Jun 19, 2025 | Education, Latest

The meeting will be held at the Harris Administration Building – Annex, 601 S. Jupiter Road in Garland.

Garland ISD taxpayers will have a chance to weigh in on next year’s budget and proposed tax rate during a public meeting later this month.

The meeting is set for 5 p.m. Tuesday, June 24, at the Harris Hill Administration Building – Annex, 601 S. Jupiter Road in Garland.

District officials say community feedback is welcome as they present the proposed 2025–26 budget and discuss how it may impact local property taxes.

The proposed total tax rate for the upcoming fiscal year is $1.1562 per $100 of assessed property value. That includes a maintenance and operations (M&O) rate of $0.7722 and a debt service (interest and sinking) rate of $0.3840. The proposed rate is higher than last year’s adopted rate of $1.0509 and exceeds the voter-approval rate of $1.051448.

If the board ultimately adopts a tax rate above the voter-approval threshold, a tax ratification election will be triggered.

Garland ISD’s proposed budget reflects a 5.81% increase in maintenance and operations expenditures and a 30.49% increase in debt service, resulting in an overall 9.75% increase in total expenditures compared to last year. According to district data, the total taxable value of property within the district has risen to nearly $37.8 billion—up from $33.1 billion the previous year. The value of new taxable property has also increased, growing from approximately $673.5 million to more than $1 billion.

Under the proposed rate, the average tax bill for a residential property would increase by $243.45, rising from $2,651.47 to $2,894.92. However, tax amounts for homeowners 65 and older, or surviving spouses meeting eligibility requirements, are frozen under state law and will not increase.

Garland ISD’s outstanding bonded indebtedness stands at more than $1 billion, and its projected fund balances at the end of the fiscal year include $161 million in the maintenance and operations fund and over $70 million in the interest and sinking fund. These balances are not encumbered by debt obligations and are expected to support district operations before the next state aid payment.

See related budget workshop story in this issue of The Sachse News.

For more stories about the Sachse community see the next print, or digital edition of The Sachse News. Subscribe today and support local journalism.

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