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Plano ISD projects $27.5 million deficit for 2025-26; board hears recommendation for 3% pay increase and starting-pay adjustments
Summary
CFO Courtney Reeves told the board the district faces a projected $27.5 million budget gap for 2025-26 driven by enrollment declines and rising recapture payments. District leaders recommended a 3% compensation increase, a raise to starting teacher pay and step-size changes to remain competitive.
Plano Independent School District officials told trustees on April 8 that the district projects a preliminary deficit of about $27.5 million for the 2025-26 school year and floated compensation changes aimed at keeping the district competitive as staffing costs rise.
Courtney Reeves, the district's chief financial officer, said preliminary figures show net revenue (after recapture) of about $530.4 million and projected expenditures (after recapture) near $557.9 million, leaving a $27.5 million shortfall as the district prepares its preliminary budget.
Reeves and other administrators said the shortfall reflects multiple factors: a projected decline in enrollment of about 877 students for 2025-26, continued property-value growth that increases the…
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