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Trustees Approve 2020-2021 Operating Budget, Tax Rate


Denton ISD Board of School Trustees approved a $299.6 million budget for the 2020-21 school year while decreasing the overall tax rate for the second year in a row.  The approved combined tax rate is $1.4066 per $100 assessed valuation. The rate translates to $ 0.48 for debt service or the repayment of bonds, and $0.9266 for maintenance and operations or the daily expenses and salaries.

 

District voters approved two additional cents to be used toward the operating budget during a Tax Ratification Election in 2017.

 

Last year the Board reduced the tax rate by $ 0.07 and this approval further reduces the tax rate by $ 0.0634.

 

Denton ISD continues to see strong appraisal growth with more than $19.5 billion in appraised value projected for 2020. The $1.8 billion increase over the prior year consists of more than $1 billion in new property added to the appraisal roll, as assessed by the Denton County Appraisal District.

 

The district will add new staff to address student population growth. At the first Board Meeting in June, trustees approved a two percent of the mid-point pay increase for all employees and an equity adjustment for those employees whose current salary is below the market median. 

 

The starting salary for first-year teachers increased to $55,500, allowing the district to remain competitive with beginning teacher salary.

 

“Every year I am always pleased with the process we go through in developing our budget,” said Dr. Jim Alexander, trustee.  “I’m especially pleased this year with our financial integrity as a district.  This is a budget we can vote for and be proud of.”