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GISD trims 2024–25 projected deficit; budget planning for 2025–26 begins amid legislative uncertainty
Summary
CFO Jennifer Hannah told trustees the district amended its 2024–25 budget deficit to about $900,000 from $4.5 million, citing higher enrollment/ADA and a $2 million one-time property-value adjustment; the board discussed 2025–26 timeline, compensation questions and summer-school funding.
Georgetown ISD officials said at the Feb. 4 workshop that the district now expects a smaller deficit for the 2024–25 fiscal year and has begun planning for the 2025–26 budget amid several state-level unknowns.
Jennifer Hannah, identified as the district’s finance lead, told trustees the board adopted a $4.5 million deficit budget last June and has since amended it to about a $900,000 deficit. Hannah attributed the improvement to higher-than-budgeted enrollment and average daily attendance (ADA) and to a one-time approximately $2 million payment from a prior-year property-value adjustment processed through the comptroller’s office.
Hannah outlined the budget timeline: preliminary revenue projections in March; certified preliminary tax values…
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