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Brazosport ISD projects multimillion‑dollar shortfall under 12‑month fiscal scenario; board considers disaster pennies
Summary
District finance staff told trustees a 12‑month fiscal projection shows an $8.7 million gap and an ending fund balance below the district’s optimum; possible remedies discussed include adopting up to three ‘disaster pennies’ that could raise roughly $5 million.
Brazosport ISD finance staff presented updated budget projections showing a sizable shortfall under a 12‑month fiscal scenario and outlined options the board could consider to shore up fund balance.
Chief Financial Officer (CFO) presented two budget scenarios required by the district’s fiscal‑year change: a 10‑month operating budget (the shortened fiscal year) and a 12‑month budget for public notice and tax‑rate setting. The 10‑month projection includes aggressive expenditure reductions and shows projected revenues and expenditures of about $123.2 million and an ending fund balance of approximately $38.1 million — roughly $2.1 million above the district’s…
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