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Klein ISD previews 2026–27 budget; board hears boost from HB2, catch‑up payment and strong fund balance
Summary
At a April 20 workshop, Klein ISD staff told trustees state changes and a retroactive over‑65 payment improved the district's fiscal outlook: House Bill 2 added about $29.4 million (with $17.3 million required), a $13.9 million catch‑up payment arrived, and projected fund balance will support a balanced two‑year budget, officials said.
KLEIN, Texas — Klein ISD trustees on April 20 heard a budget workshop in which district staff outlined the preliminary 2026–27 financial picture, including new state revenue under House Bill 2, a retroactive over‑65 hold‑harmless payment and projections that leave the district with a stronger fund balance than anticipated.
Dan Schaefer, who led the budget presentation, told trustees the district originally planned a $33.7 million deficit but closed the year much better than expected: "We planned a $33.7 million deficit... where we landed at the end of the year was 12.4," he said, noting the improvement stemmed in part from a roughly $13.9 million catch‑up payment from the state. Schaefer said House Bill 2 generated about $29.4 million in additional state revenue for the district but also carried $17.3 million in required spending, leaving roughly $12.1 million of newly flexible dollars before other adjustments.
Why it matters: trustees were told the combined effect of HB2, the hold‑harmless recalculation and other fiscal actions should produce about a $20…
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