School Board updates budget progress with $900K deficit and higher enrollment impact

In a recent Georgetown Independent School District (GISD) board workshop, officials provided an update on the district's budget, revealing a significant improvement in its financial outlook. The current budget, initially projected to have a $4.5 million deficit, has been amended to reflect a more manageable $900,000 deficit. This positive shift is attributed to higher-than-expected student enrollment and improved attendance rates, which have bolstered revenue.

The workshop, held on February 3, 2025, marked the second of five planned budget discussions leading up to the final budget approval in June. As the district navigates its financial landscape, officials are closely monitoring various factors, including property tax values and legislative developments that could impact funding.

One of the key highlights from the meeting was the anticipation of a 7% increase in property tax values, although officials noted that previous years had seen double-digit growth. The district is also preparing for the opening of New Frost Elementary in the fall, which will introduce additional costs associated with the new facility.

As discussions continue, the board is particularly focused on staffing needs, especially in special education, where demand is rising. The district is exploring options for raises and compensation, contingent on legislative decisions regarding teacher pay and funding for mandated programs.

Looking ahead, the board is aware of potential volatility in tax rates due to legislative timelines that may not align with the district's budget schedule. This uncertainty could affect the final budget and tax rate adoption, which is typically finalized in August.

As GISD prepares for the upcoming school year, the emphasis remains on maintaining fiscal responsibility while ensuring that the needs of students and staff are met. The next budget workshop is set to further refine projections and address any emerging challenges.