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McKinney ISD leaders warn of multi-year budget shortfalls; attendance, special education and tax compression cited
Summary
Assistant superintendent for business operations and the district CFO presented an update outlining a multi-year budget deficit driven by stagnant state funding, lower attendance, rising special education costs and mandated security expenses; the board discussed projections and possible mitigations.
At the May 12 McKinney Independent School District board meeting, Assistant Superintendent for Business Operations Dennis Womack and Chief Financial Officer Marlene Harbison presented a multi-part budget update describing an operating deficit driven by several structural factors.
Womack told the board that school funding in Texas is largely driven by average daily attendance and that the district's drop in attendance since the pandemic has a material revenue effect: "For every percentage point of average daily attendance that we can increase is about $3,000,000 to the overall revenue to the district," he said. He and CFO Marlene Harbison walked trustees through recent and projected impacts on fund balance and tax-rate compression the district is using for budget planning.
Harbison said the district's certified property…
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