Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Tax Rate topic
No spam. Unsubscribe anytime.
Finance director previews 2025–26 budget, projects small revenue shortfall and proposed tax-rate tweak
Summary
Sheldon ISD finance staff previewed a proposed 2025–26 budget showing $130.5 million in projected revenues, a slight operating shortfall, a proposed property tax-rate reduction of two cents overall and the possibility of a deficit budget to be refined before the June 17 board meeting.
Sheldon ISD’s finance staff presented a preview of the proposed 2025–26 budget to the board, reporting projected revenues of about $130.5 million, an anticipated shortfall of roughly $1 million and a proposed reduction of the total tax rate by two cents.
The presenter said instruction represents about 60% of the proposed expenditures and listed major function totals (instruction, transportation, maintenance and operations, central/campus administration). The presentation included a capital projects update showing about $59.2 million in cash on hand and referenced an earlier $105 million building bond program and ongoing project closeouts.
Staff said local revenues were estimated at a little more than $60 million, state revenues about $69 million, and other program revenues $1.3 million. The presenter noted the district may still need to refine allocations for retention and location support items, representing about $2.7 million, and that further clarity will be brought to the full board for final decisions.
The presentation proposed lowering the tax rate by 2 cents from 0.75 to 0.73 (the presenter listed a proposed total tax rate of $1.23541). Staff noted the district expects to present a budget for approval at the regular June board meeting but also warned that because the district’s fiscal year begins July 1 the board may have to approve a deficit budget next month; staff said they were working to reduce the projected deficit before final adoption.
Board members asked for clearer line-item breakdowns and a key for function codes to better understand expenditure categories; staff agreed to provide additional details. No final budget vote occurred at the meeting; staff will return with revised materials at the June 17 meeting.
