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Lake Travis ISD warns of revenue swing and early $7.5M projection shortfall; board approves budget amendments and capital items
Summary
LTISD finance staff told trustees preliminary property value swings could reduce revenue by roughly $3.5M and produce an early $7.5M projected deficit for 2025‑26; the board approved budget amendments, an RFP for AV replacement, and awarded/authorized several agreements and resolutions.
District finance and operations staff told the Lake Travis Independent School District board that a new property value projection from the Travis Central Appraisal District shifted earlier estimates and reduced projected district revenue, prompting early planning for spending reductions and budget workshops.
Chief financial staff said a projection change from an earlier +5.5% to an estimated −5.5% in property values would create roughly a $3.5 million reduction in revenue compared with the prior estimate and, if unchanged staffing and positions were retained, could yield an estimated…
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