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Denton ISD staff warn tax‑rate choices and new exemptions leave district with a $15.2M structural gap
Summary
Denton ISD officials told trustees that state increases to homestead and senior exemptions compressed certified property values, leaving only modest growth (about 1.76%) and a projected $15.2 million deficit despite roughly $19.2 million in new state funding designated for teacher raises.
Denton ISD trustees heard a budget briefing on July 29 that tied recent state exemptions and new funding to a still‑sizeable district shortfall.
Jennifer (district budget staff) walked the board through the certified values the district received July 15 and explained how two legislative changes — an increase in the homestead exemption from $100,000 to $140,000 and an increase in the 65+/disabled exemption from $10,000 to $60,000 — materially lowered local taxable values. "We actually grew less than 2% at 1.76%," she told trustees, comparing the current certified values with the district’s prior growth assumptions.
She said Denton ISD…
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