Mansfield ISD has a current M and O tax rate of $1.04 and total collections of $95,654,811. This comes from the local property tax rate and is based on a tax base of over $9 billion. The I and S tax rate collections total $41 million. Our revenue at the compressed rate is $5078 per WADA. The total cost of Tier 1 is $175, 339,987.
Allotments include: $15 million for special education, $10 million for CATE, $912K for GT, $12 million in Comp Ed., $1.5 million for Bilingual Ed., $2.2 million for transportation, $2.5 million for the high school allotment.
The local fund assignment is over $85 million and the state’s share of Tier 1 is over $90 million. Mansfield is not a recapture district. It appears that federal funds contribute over $3 million.
$139 million is allocated to directly to instruction. Funds seem to be adequately allocated to instruction and related services. It appears there is a direct correlation between the funds allocated from local, state, and federal sources into instructional programs that benefit children.
Mansfield ISD lost 13 million this legislative session, but was able to do so without laying off any employees in good standing on their campuses. Instead they moved staff from campus to campus as necessary. In an effort to save more money, the district is moving to an eight period day at the secondary level, moving away from the block schedule.
MISD is in great financial shape and has a healthy $85 million fund balance.
MISD is in great financial shape and has a healthy $85 million fund balance.
Voters recently approved a bond election whose focus was “Equality”. 4 new campuses will be built to replace aging campuses and equip them with the latest….things that have become standard on buildings constructed in the last several years. The bond election will also make upgrades to facilities, technology, and security available across the district.
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