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Austin ISD proposes 2025–26 budget with $19.7M deficit; HB 2 expected to reduce gap as staff pursue further savings
Summary
Austin ISD staff presented a proposed FY2025–26 budget June 12 that would leave a $19.7 million shortfall and an estimated 15.2% unassigned fund balance; trustees asked for clearer detail and certainty on the proposed reductions.
Austin ISD presented a proposed 2025–26 budget on June 12 that would leave the district with a projected $19.7 million shortfall and an estimated unassigned fund balance of about 15.2 percent if the board approves the proposal at its June 26 meeting.
Interim Chief Financial Officer Katrina Montgomery walked the board through changes since the district adopted the FY2024–25 budget, including a recent Travis Central Appraisal District report that trimmed expected property value growth from 6 percent to roughly 1 percent — a swing that reduced the district’s revenue outlook by about $14 million. The district also reported improved spending controls and purchase‑order freezes that have reduced an earlier projected…
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