CFO Thad Lasater outlines budget outlook, HB2 salary impacts for Tarkington ISD

CFO Thad Lasater told the Tarkington ISD Board of Trustees at the July 21 budget workshop that year-end projections for the 2024–2025 budget and legislative changes will shape the district’s preliminary 2025–2026 budget. "The presentation included an overview of year-end projections for the 2024-2025 budget and key revenue and expenditure considerations impacting both the current and upcoming fiscal years," Lasater said.

Lasater briefed trustees on contributing financial factors, enrollment trends and projected state and federal revenue assumptions. He noted that increases in both student enrollment and average daily attendance would generate additional revenue for the district, and he described proposed compensation changes across employee groups tied in part to salary adjustments required by House Bill 2. Board members requested further details on the proposed compensation plan and discussed the district’s fiscal outlook as part of ongoing financial planning. No formal budget adoption occurred at the workshop; staff were asked to return with additional detail for future consideration.