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Trustees briefed on budget outlook and compensation options as House Bill 2 guidance evolves; staff projects modest deficit
Summary
CFO and HR staff briefed trustees on the district’s budget outlook amid state House Bill 2 changes. Staff reported certified property values and projected tax revenues, estimated a $1.9 million deficit under current assumptions, and outlined possible compensation-schedule changes and costs to move some positions from step to range pay structures.
District financial and human-resources leaders updated trustees on the budget outlook and compensation planning tied to state House Bill 2 and other legislative changes.
Where the budget stands: Dr. Wilkins (presenting budget calculations) said certified values received in July produced a roughly 8% decrease in the certified calculation used for state budgeting; the district estimates about $89 million in tax collections for the coming year and roughly $22 million in foundation funds from the state. After accounting for funds that pass through directly to teachers, staff projected a roughly $1.9 million general-fund deficit under current assumptions but warned that guidance from the Texas Education Agency (TEA) on multiple House Bill 2 implementation elements is still incomplete and could change the figures.
Why it matters: staff…
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