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Harmony Public Schools approves final FY25 amendments and initial FY26 budget, citing HB2 revenue gains and enrollment growth
Summary
The Harmony Public Schools board approved final amendments to fiscal year 2025 and ratified the initial 2026 budget June 21, with presenters citing additional revenue from the Texas Legislature's HB2, enrollment-driven foundation school program increases and planned use of child-nutrition fund balance.
The Harmony Public Schools Board on June 21 approved final amendments to the 2025 budget and ratified an initial budget for fiscal year 2026 after a presentation by district finance staff.
District finance presenter Mr. Perez told the board the district expects an almost $6 million positive change in net assets for FY25 that incorporates a previously approved $10.2 million retention bonus and adjustments to federal grants, child nutrition, TRS on-behalf payments and state aid tied to improved attendance reporting. "The overall budget outlook for the end of the fiscal year is good," Perez said.
Perez said the systemwide "all funds" amended revenue number presented was about $617.6 million, with the foundation school program the largest component at roughly $485.4 million. For FY26, Perez described a general-fund initial budget built from projected average daily attendance (ADA), special-program allotments and state formula changes from the 2025 legislative session. He said the district is budgeting a general-fund…
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