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Katy ISD CFO outlines draft 2025-26 budget, predicts use of fund balance and stable tax rate recommendation
Summary
Chief Financial Officer Chris Smith presented a budget update showing a projected use of general fund balance for 2025-26, a recommendation to keep the tax rate at the compressed floor when the board adopts rates in September, and uncertainties around property value audits and state rulemaking.
Chief Financial Officer Chris Smith briefed the Katy ISD Board of Trustees on July 28 about the district's draft 2025-26 budget, explaining assumptions, risks and a timeline that will culminate in a formal tax-rate adoption in September.
Smith said the budget draft anticipates a draw on fund balance driven in part by teacher pay increases required by the legislature and by conservative enrollment assumptions. He said the district's projected use of fund balance in the draft is a planning assumption not yet finalized: "This district usually underspends its budget; historic underspending is a backstop," Smith told the board.
Key points from the presentation included: - Tax rate: staff will recommend maintaining the district's tax…
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