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CFO presents first look at 2025–26 budget; district projecting multi-million-dollar deficit
Summary
Lubbock ISD's CFO presented an initial 2025–26 budget projection built on current law, showing an estimated deficit (roughly $7.3 million in staff presentation) and noting several moving factors: legislative action, certified property values, and one-time shifts from ESSER that will revert to the general fund.
Lubbock ISD Chief Financial Officer Duane Wilkins gave trustees a first public presentation of the 2025–26 budget, saying the draft is built on current law and carries several uncertainties tied to the ongoing Texas legislative session and pending property-value certifications.
"We're 75% at the time of this through the year, so we're sitting at 72% expended," Wilkins said, directing trustees to budget summary pages and noting the district is running slightly under the expected spending pace. He…
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