Georgetown School District faces budget challenges amid potential $7M funding changes

The Georgetown Independent School District (GISD) Board Workshop held on May 5, 2025, focused on budget projections and legislative impacts affecting the district's financial planning. The meeting began with discussions on anticipated increases in funding, with projections suggesting a potential increase of $6 to $7 million, contingent on legislative actions yet to be finalized.

Board members expressed concerns regarding the current legislative bill, which, if passed, would impose strict limitations on new debt issuances. Specifically, the bill would restrict the district from exceeding 20% of its average property tax collections over the past three years for any new debt. This change could significantly hinder GISD's ability to fund necessary projects, even if voters approve bond measures. The board emphasized the importance of careful forecasting to manage growth effectively under these constraints.

Additionally, the meeting addressed the potential increase in funding for school safety and health services. A proposed increase in funding per student and per campus could provide an additional $90,000 to $100,000 for the district, which would help cover costs associated with security personnel and other mandated services. This funding is seen as crucial for maintaining safety standards and supporting health initiatives for students.

The board also reviewed budget assumptions, noting a projected increase in property tax revenues due to higher property values. However, they cautioned that these figures could change based on legislative decisions regarding tax exemptions. The preliminary property values indicated a 9% increase compared to the previous year, but adjustments for frozen properties and potential legislative changes could alter this outlook.

In terms of expenditures, the board reported a projected payroll increase of $900,000, reflecting staffing allocations and necessary cuts made to balance the budget. The overall budget showed a small excess income balance of approximately $40,725, indicating tight financial management as the district prepares for the upcoming fiscal year.

The meeting concluded with a commitment to continue monitoring legislative developments and refining budget projections in preparation for the June budget workshop. The board's proactive approach aims to ensure that GISD remains financially stable while addressing the needs of its growing student population.