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Liberty Hill ISD projects $7.5 million shortfall; trustees briefed on state legislation and savings options
Summary
Superintendent outlined a projected $7.5 million deficit for next year, steps to reduce expenditures, and legislative risks including potential voucher expansion and property tax compression.
Superintendent Snell told the Liberty Hill ISD Board of Trustees on Dec. 16 that current estimates show the district will realize a roughly $7.5 million deficit for the coming fiscal year and outlined a plan to cut expenditures and pursue other revenue options while monitoring state legislative action.
"We are gonna realize that 7 and a half million dollar deficit," Snell said during a wide-ranging budget and legislative update. He said that, under the district's current models and projected growth of approximately 800 students, a baseline budget of roughly $99 million would require $4.6 million in reductions to avoid eating into the district's fund balance.
Snell and finance staff presented several immediate and midterm steps the district is pursuing. They…
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