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Lubbock ISD CFO presents 2026–27 budget outlook, flags a multi‑million‑dollar shortfall
Summary
CFO Dr. Dwayne Wilkins told the board that recent template runs show revenue increases tied to House Bill 2 but that most of that money is earmarked; even with updated estimates the district faces a working deficit the district must resolve before its June budget adoption and August tax-rate certification.
Dr. Dwayne Wilkins, Lubbock ISD chief financial officer, presented updated 2026–27 budget templates and told the board that while recent state funding changes have increased estimated revenues, much of that money is earmarked for specific uses such as teacher pay and cannot be used freely to close the district’s budget gap.
"We're going to be adopting a budget in June, and then we will not get our tax rate until August," Wilkins said, urging trustees to treat…
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