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Corsicana ISD reports preliminary $3.3–3.5 million budget gap; HB2 raises to affect staffing costs
Summary
CISD finance staff told the board on June 16 that House Bill 2 funding will bring additional revenue but projected required teacher raises, support‑staff stipends and rising utilities leave a preliminary deficit of roughly $3.3–$3.5 million for next fiscal year.
Corsicana ISD staff briefed the board on June 16, 2025, on the district's current fiscal year spending and preliminary projections for next year under recent state legislation (HB2), saying the district expects additional revenue but still anticipates a multi‑million‑dollar shortfall.
The district reported that May marked 75% of the fiscal year and total spending to date sits at about 70% of the current budget. Investment returns have been stronger than budgeted; staff said interest earnings are hovering around 4.14% and are forecast to exceed budgeted interest revenue by multiple hundreds of thousands of dollars.
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