Lubbock ISD projects roughly $14.18M shortfall; officials present $4.87M compensation package
Administrators told the Finance/Operations & Facilities Committee that personnel costs and declining revenue leave an estimated $14.18 million operating deficit; the district outlined a compensation package, developed with TASB, estimated at about $4.87 million.
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Lubbock Independent School District administrators told the Finance/Operations & Facilities Committee on May 20 that the district is developing a budget with an estimated operating deficit of approximately $14.18 million as it prepares next year’s spending plan. District administrators said personnel costs account for about 78% of the budget and that projected revenue increases of roughly $7.8 million are largely restricted by state requirements and cannot fully offset the shortfall.
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