What is Driving GISD Budget Growth?

Recall that the GISD budget is growing at a rate of 8.71% annually.

Yet, the number of enrolled students is only growing at an annual rate of 2.1%.

Lets look at the total staff growth.

The staff is growing at about the same rate as the enrolled students.

Lets look at the debt service.

Whoa! We may have identified one of the main drivers of the budget growth. Debt service is growing at an annual rate of 10.71%, even as the debt is being paid down.

It would appear that Georgetown ISD taxpayers should be very wary of approving more bond debt until the current debt is paid down substantially.