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Georgetown ISD begins budget workshop series with enrollment, funding and tax‑rate briefing
Summary
At the first of five budget workshops, district finance staff reviewed enrollment trends, historical funding per student, payroll as the dominant expense, and options for local tax increases (golden/copper pennies). Staff said Georgetown remains at a relatively low M&O rate and that each "copper penny" is worth roughly $900,000 to the district; trustees asked for modeled compensation scenarios.
Penny, the district's finance leader, opened the budget portion of the Dec. 1 meeting by framing a multi‑month calendar for compensation and budget decisions and reviewing the district's enrollment and revenue assumptions.
Staff reported they used the demographer's projection for budgeting but that actual average daily attendance (the state funding metric) was slightly below the budget assumption after the second six‑week period. "We've used 14,131 [demographer projection] and 13,141 for our average daily attendance…
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