Round Rock ISD trustees hear shifting 2024–25 update and preliminary 2025–26 budget scenarios as Legislature alters funding

The Round Rock Independent School District Board of Trustees received an update on the district’s 2024–25 financial position and preliminary scenarios for the 2025–26 budget at its regular meeting, where staff warned the picture is still in flux because of recent legislative action.

Dennis Covington, the district’s chief financial officer, told trustees the latest review raised projected investment income to $4,500,000 from an earlier $4,000,000 estimate while state revenue “dropped just a little” after updated state runs. Covington said the district has identified $2,547,000 in position vacancies and redirects in 2024–25, and that reclassifying some capital and bond-eligible expenditures reduced the current-year gap: “Back on February 25 the surplus/deficit first red line was $8,000,001.91. Due to the changes I just highlighted, it is now down to…