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Weslaco ISD projects up to $9.4M from House Bill 2; board will delay tax‑rate decision until final property values
Summary
District staff told trustees that House Bill 2 (state budget draft) could deliver about $9.4 million to Weslaco ISD, with 40% of those funds required for pay increases. Trustees agreed to adopt a budget next month but defer setting the tax rate until final property values are certified.
District finance presenter David walked trustees through potential revenue scenarios tied to state legislation. He said the House version of a school funding bill would increase the basic allotment and could yield roughly $9,400,000 to the district, but cautioned the Senate may alter that amount. He explained that the draft requires 40% of new dollars be directed to certain employee pay increases, noting: “40% is tied to pay increases.”
David also reported preliminary property valuations and said the district would separate budget adoption from tax‑rate adoption. He told trustees the board will adopt a budget next month but hold the tax rate in July until final values are received and any homestead exemption changes are reconciled: “When we adopt a budget next month, we will not be adopting the tax rate… we will be saving that for August [sic July], because in July I should get my final values.”
On the expenditure side, staff asked the board to set aside $1,000,000 for health claims and $500,000 for utility increases as conservative offsets to rising costs. Trustees asked for more detailed breakdowns of instructional and non‑instructional budget components at the next workshop.
