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Lewisville ISD projects FY25 shortfall after higher T2 values; appeals filed with appraisal district software error noted
Summary
Lewisville ISD finance staff warned trustees that preliminary T2 property values filed with the comptroller were higher than projected, lowering state aid and creating a fiscal-year 2025 shortfall; the district has filed an appeal with the appraisal district over a software-related calculation and is modeling reduction scenarios.
Lewisville ISD finance staff told trustees that preliminary T2 property values submitted to the Texas Comptroller came in materially higher than the district projected, reducing state aid and producing a projected fiscal-year 2025 shortfall unless offset by legislative changes or additional savings.
The finance director said the district adopted its FY25 budget using a T2 projection based on recent historical ratios (about 91.4% of certified values). “Our preliminary T2 value … come in about 93.8%,” the presenter said, explaining the higher value reduces state funding because the state funding formula treats the…
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