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Gatesville ISD adopts 2025–26 budget, tax ordinance and fund-balance assignments
Summary
Gatesville ISD trustees approved the 2025–26 operating budget, adopted tax ordinance No. 49 and assigned portions of fund balance for reserves and capital needs, while staff warned most of the recorded surplus is restricted to debt service.
Gatesville ISD trustees on Aug. 31 approved the district’s 2025–26 operating budget, adopted tax ordinance No. 49 and agreed to a set of fund-balance assignments intended to preserve reserves for debt service and potential drops in state aid. The board voted to adopt the operating budget after a motion from Mary Ann Lee and a second from Charles Alderson.
District financial staff told trustees the budget anticipates roughly $38.6 million in revenues and sets expenditures at about $37.7 million, yielding an $871,000 surplus the staff said is concentrated in debt service and therefore not available for regular operating use. “Remember last year we paid an extra $500,000 because we…
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