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Waco ISD staff outline $162M proposed general fund, emphasize teacher raises and reserves
Summary
District finance staff presented a proposed general fund with $162.4M in projected revenues and $168.9M in proposed appropriations, highlighting salary increases (about $4.9M total cost including benefits) and a projected ending fund balance of roughly $50.9M (30.1% of expenditures).
Cheryl Davis, presenting the proposed 2025–26 budget, summarized projected revenues of about $162.4 million and proposed appropriations of roughly $168.9 million, leaving a projected net change in fund balance of $6.7 million and an estimated ending fund balance of $50.9 million, or about 30.1% of expenditures. "The proposed ending fund balance at August 31 is, right now, is 50,900,000, and that's 30% 30.1 percent of our expenditures," Davis said.
Davis told trustees that most new revenue was allocated to teacher salary increases and related benefits; she said the teacher pay raises cost approximately $3.7 million and total salary-related increases across certified and auxiliary staff were about $4.9 million, with associated benefits near $589,000. She also noted enrollment declines and other revenue uncertainties that influenced projections and emphasized maintaining at least a 20% fund-balance policy target.
