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Waxahachie ISD projects $2M–$2.5M year-end deficit; property-tax collections tracking above recent years
Summary
Finance staff reported property-tax collections at about $27.5M (43% of a $63.6M budget) through Dec. 31, ADA shortfall of ~166 students (≈$1.03M revenue impact) and forecast a $2M–$2.5M deficit for the fiscal year, citing contracted staffing and seasonal attendance dips.
The district’s finance presenter delivered the midyear financial update, describing revenue drivers, staffing costs and a preliminary deficit projection.
Key figures presented: the district’s budgeted property-tax revenue for the year is $63,600,000, and through Dec. 31 the district had collected about $27,500,000 (approximately 43% of the budget). The fall semester ADA was reported at 10,415 — about 166 students behind the…
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