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Frankston ISD approves $11.01 million 2024–25 budget, sets tax rate at $0.9328
Summary
After a public hearing, the Frankston ISD board approved the 2024–25 budget and an ordinance setting the district tax rate at $0.9328 (M&O $0.7552; I&S $0.1776). Projected revenue and expenses are each $11,010,236 with a stated deficit of about $10,000.
During the Aug. 26 public hearing, Business Manager Randi Westbrook presented the proposed 2024–25 budget that shows total projected revenue of $11,010,236 (Local $3,056,000; State $7,984,236) and matching projected expenses, with a stated deficit of about $10,000. Westbrook also outlined planned safety and security work funded by grants, salary increases (all teachers to receive a step increase and addition of Step 21), and program budgets for instruction, extracurriculars and facilities.
Following the public hearing, the board approved the consent agenda that included adopting the 2024–25 budget and an ordinance setting a maintenance and operations tax rate of $0.7552 and an interest & sinking rate of $0.1776, for a total tax rate of $0.9328. The consent agenda motion, made by Dustin Holladay and seconded by Jeremy Allen, carried 6–0. Westbrook’s presentation also noted a rise in taxable values from $381,694,301 (2023) to $423,983,269 (2024), an increase of $42,288,968; the district’s annual bond payment was listed as $776,300.
