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Gatesville ISD adopts 2024–25 operating budget and sets total tax levy at $0.8969
Summary
The board adopted the 2024–25 operating budget, finalized 2023–24 amendments, and set M&O at $0.6969 and I&S at $0.200, combining to a total tax levy of $0.8969 and a projected levy of $9,874,740.
Chief Financial Officer Darrell Frazier presented final budget amendments for 2023–24 and the proposed 2024–25 operating budget. The board approved the final 2023–24 amendments and the final amended 2023–24 operating budget.
The trustees then adopted the 2024–25 district operating budget and approved two tax rates: a Maintenance & Operations (M&O) rate of $0.6969 and an Interest & Sinking (I&S) rate of $0.200, producing a combined tax levy rate of $0.8969 under Tax Ordinance #48. Frazier projected the combined levy for 2024–25 at $9,874,740. All motions passed with six votes in favor and one absence.
