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Board told Lubbock ISD faces an $8.1 million projected deficit under current law; tax compression and state aid limits discussed
Summary
Chief budget staff updated trustees on preliminary property values, ADA adjustments, and a projected $8.1 million deficit under current law; staff cautioned that proposed state funding increases would leave limited unrestricted funds and described the timetable for adopting the budget and tax rate.
Doctor Wilkins, staff member for Lubbock ISD, told the board the district had received preliminary property values and adjusted attendance figures, and presented early 2025–26 budget projections and a timeline for required board actions.
Why it matters: the district must adopt a budget and set a tax rate on a state timetable. Those decisions determine how the district funds salaries, operations and bond debt and shape planning for next school year.
Wilkins said preliminary tax values rose about 1.8% from certified 2024 values and that he adjusted attendance (ADA) estimates as the year closes. “It looks at property tax compression. ... It’s about a 4¢ decrease from last year,” Doctor Wilkins said, explaining the effect of compression on the local tax…
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