Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Votes topic
No spam. Unsubscribe anytime.
Austin ISD trustees approve consent agenda (including Proposition A mental-health contracts), accept Lone Star evaluation and authorize $19M cash-flow loan
Summary
The board unanimously approved its consent agenda (which included the mental-health services RFP funded through Proposition A), accepted a Lone Star Governance evaluation report, and authorized a $19 million tax-and-revenue anticipation note to cover a projected November 30 payroll shortfall.
The Austin Independent School District Board of Trustees on Thursday approved multiple items on its consent agenda, accepted an annual Lone Star Governance evaluation and authorized a short-term loan to cover an expected November payroll cash shortfall.
Secretary Gonzales moved to approve the consent agenda, which contained items 8.1, 9.1, 10.1, 10.2, 11.1 through 11.5, 12.1 and 13.1' 13.2; Trustee Quintana seconded. The board voted unanimously to approve the consent agenda. Item 10.1, the district's mental-health services request for proposals, drew multiple public-recorded comments urging approval and was noted by trustees to be funded through Proposition A (the ballot measure previously approved by voters establishing mental-health funding). The exact contract value was not confirmed at the meeting.
The board then voted to accept the Lone Star Governance quarterly and annual evaluation (item 14.1). The board's Lone Star coach told trustees that Austin ISD has sustained a "meets focus" rating on its governance self-evaluation for consecutive quarters, meeting conditions for that component of the TEA order.
Finally, the board voted to authorize the issuance of a tax-and-revenue anticipation note (TAN) of $19,000,000 to cover a short-term cash-flow gap projected for Nov. 30, 2025. Chief Financial Officer Katrina Montgomery told trustees the gap stems from delayed tax revenue tied to recent statewide property-tax policy changes and typical timing of property-tax collections. The district reported an FY2024'25 unaudited deficit estimate of roughly $79 million; Montgomery said the TAN would be repaid Jan. 13, 2026 and carries a quoted interest rate of 4.67 percent. Secretary Gonzales moved the TAN resolution and Trustee Quintana seconded; the motion passed unanimously.
President Boswell recessed the meeting to executive session after the votes.
