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After failed funding election, Liberty Hill ISD projects $7.5M shortfall and warns of possible cuts
Summary
District finance staff reported a projected $7.5 million budget shortfall for 2024-25 after voters rejected a six-penny tax increase; staff warned fund balance could fall below TEA's three-month reserve goal and said they will return with options.
Liberty Hill ISD finance staff told trustees on Nov. 18 that the district faces a projected $7.5 million deficit for the 2024-25 fiscal year after voters did not approve a proposed six-penny tax increase (Proposition A).
Director Rosanna Guerrero said the district reduced revenue projections by roughly $4.6 million in local property tax collections and about $2.5 million in…
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