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Round Rock ISD budget update: district projects roughly $11.3 million shortfall amid state funding uncertainty
Summary
Finance staff told trustees a revised homestead-exemption projection and new TEA calculations reduced district revenue by about $11 million, producing a projected $11.3 million deficit under current assumptions; staff said more solid TEA numbers will arrive in February–March.
Finance staff presented a quarterly update to the Round Rock ISD Board showing a material change to the district’s revenue picture following a new state calculation tied to the homestead exemption.
Mr. Covington explained the district reduced its enrollment estimate slightly and that a new TEA/Omar spreadsheet projection tied to an expanded homestead exemption reduced the district’s tier 1 revenue by 'about $10.5 million' and its 'golden pennies' revenue by roughly $1.2 million.…
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