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Round Rock ISD projects $1.1 million operating shortfall after midyear updates; administrators list cost controls
Summary
Finance staff reported a midyear update showing revenues up slightly but expenses rising more, creating a projected $1.1 million deficit; district officials outlined hiring freezes, expense monitoring and use of planned Cypress property sale to protect fund balance.
Dennis Covington, chief financial and chief operations officer for Round Rock ISD, presented a second six-week budget update for fiscal 2024–25 to the board, reporting a projected operating deficit of about $1.1 million after midyear adjustments.
Key figures and drivers: Covington said tax collections increased over the estimate by roughly $3.6 million, which reduced state revenue by about $773,000 under the state’s funding formula. On the expense side, higher-than-expected enrollment required hiring about 45 additional teachers at roughly $3.1 million, and an enrollment incentive payout rose from…
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