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Raymondville ISD projects $2.45 million boost from new state school funding
Summary
CFO David Longoria told the board the district expects a $2.45 million gross revenue increase from House Bill 2, with roughly $1.1 million tied to teacher and staff retention pay and a net M&O increase near $1.35 million.
David Longoria, Raymondville ISD chief financial officer, told the board at a June 9 budget workshop that the district expects a gross revenue increase of $2.45 million from recently passed state legislation.
Longoria said "HB 2 allotted $8.5 billion in new state funding" and that roughly $1.1 million of the district’s projected increase is earmarked for teacher and staff retention pay requirements, producing an estimated net Maintenance & Operations increase of about $1.35 million. He attributed parts of the net M&O increase to regional disaster insurance variation ($500,000), $100,000 tied to ASAHE, $109,000 for school safety, and roughly $400,000 from the basic allotment and other adjusted allotments.
The board reviewed these state funding projections as staff stressed the numbers remain preliminary pending final state guidance and local calculations. The administration said staff will include the TASB pay-equity study and updated revenue figures in the district’s special board meeting in June for approval.
The board did not take formal action on HB 2 funds at the workshop; staff framed the presentation as informational ahead of budget adoption steps this summer.
