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Waco ISD CFO outlines legislative funding changes, projects roughly $7.2 million net revenue gain but warns of staffing and benefit pressures
Summary
Chief Financial Officer Cheryl Davis told trustees that legislative changes in House Bill 2 and related bills create new allotments for teacher pay, special education and district basic costs but also enlarge homestead and 65+ exemptions that will reduce local tax collections; Davis estimated a roughly $7.2 million net revenue increase for Waco ISD.
Cheryl Davis, Waco ISD chief financial officer, reviewed major actions from the recent Texas legislative session and described the law’s effects on district revenue and spending.
Davis said the legislature did not enact the $8.5 billion package some had anticipated; instead House Bill 2 includes targeted allotments (teacher compensation, special education, safety and an allotment for basic costs). She summarized how those new and changed allotments will flow to districts, and explained how increases in homestead and over‑65 exemptions will reduce local property tax collections.
Why it matters: The combined state allotments and local tax changes will change Waco ISD’s revenue mix in 2025–26 and affect how the district applies one‑time and recurring funds to salaries, benefits and special programs.
Major takeaways - Teacher retention allotment: Davis estimated Waco ISD’s allotment at roughly $3.3 million to help…
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