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Round Rock ISD details midyear shortfall, seeks $5 million transfer to stabilize self‑insurance fund
Summary
CFO Dennis Covington told trustees the district faces an operating deficit driven by higher recapture liability and volatile health‑insurance claims, and asked the board to approve a $5 million transfer to the self‑insurance fund to smooth cash flow while staff develops longer‑term reductions and bond reclassifications.
Round Rock ISD finance leaders presented a midyear budget update that showed the district moving from a projected balanced budget into an operating shortfall driven largely by changes in certified property values, recapture, and health‑insurance claims.
CFO Dennis Covington said the state comptroller’s certified property valuations rose after budget adoption, which increased the district’s recapture exposure and altered state revenue calculations. He told the board that several other changes — lower investment‑income forecasts and a recalculation of Medicaid (SHARS) reimbursement — together pushed the operating projection into a deficit. "The state…
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