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Superintendent warns proposed property-tax rewrite could halve DCG bond capacity and PPEL funding
Summary
District leadership told the board a pending state property-tax restructuring could cut local bonding capacity roughly in half and reduce annual PPEL revenue by about $1 million, potentially forcing shifts from capital funds to operating budgets; board was urged to advocate with legislators and stakeholders.
Dallas Center-Grimes Community School District leadership briefed the board on the potential local effects of pending state legislation to restructure property-tax valuation and school funding (often discussed as part of the State Supplemental Adjustments and property-tax reform package).
District officials said preliminary modeling suggests the school'foundation levy and PPEL (Physical Plant and Equipment Levy) dollars could be reduced by roughly half under the draft proposals they reviewed, which would cut the…
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