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Gatesville ISD trustees adopt 2025-26 operating budget, set tax rates and pass related fiscal resolutions
Summary
At a Gatesville ISD board meeting, trustees approved final budget amendments, adopted the 2025-26 operating budget and passed tax ordinance and fund-balance resolutions; trustees also retained campus activity accounts and set an interest-and-sinking tax rate.
Gatesville ISD trustees at a meeting approved a set of fiscal measures including final budget amendments for the just-ended year, adoption of the 2025-26 operating budget and a tax ordinance that sets the district's tax rates.
The board adopted an operating budget set at $37.7 million for 2025-26, showing an $871,000 surplus that the district said is primarily tied to debt service. Trustees also set the maintenance-and-operations tax rate at 0.6969 and the interest-and-sinking (I&S) rate at 0.20; the board adopted tax ordinance No. 49 to formalize those rates.
The board approved final budget amendments for the prior year that move existing appropriations to cover overspends and to reflect higher-than-projected revenues. The district reported roughly $600,000 in additional state revenue tied to attendance, a $305,000 shortfall in federal-program revenue related to Medicaid payments that did not materialize, and additional maintenance and utility costs that the district said ran an estimated $100,000 to $200,000 over budget. Payroll exceeded…
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