Education
BY ELISABETH JIMENEZ & BROOKE SJOBERG
District outlines next steps for AISD tax-rate increase Around 58% of Austin voters approved a tax-rate increase in the November election that aims to bring in additional revenue for Austin ISD as the district faces a $119 million budget deficit. The gist The fiscal year 2024-2025 tax-rate will increase to $0.9505 per $100 valuation, a $412 yearly increase in property taxes for the average home- owner in Austin, according to AISD. What’s next Money matters Now approved, AISD’s Prop A will increase the average homeowner’s yearly property tax bill. $412 yearly estimated property tax increase for the average homeowner $34 monthly estimated property tax increase for the average homeowner
RRISD shares safety, security update Round Rock ISD campuses scored a 96% on safety audits conducted by the Texas Educa- tion Agency at the 14 campuses audited this year, a new update from the district shows. What you need to know According to the district, these audits include determining if campuses can be accessed by unsecured means, finding unlocked exterior doors and ensuring accu- rate records of door checks are kept. The big picture The Nov. 6 update also outlines expansion of efforts to install safety film on exterior windows. Completion of this is anticipated by June. The district will also pursue updated fencing across all campuses by 2029.
58% Austin ISD voters who approved Prop A $41M in additional revenue from the tax increase $130M paid to recapture $92M in AISD budget cuts over the next three years
District officials project an additional $171 mil- lion in revenue from the tax rate increase, but will only keep about 24% of the revenue, $41 million, due to recapture—when the state takes a portion of local tax dollars from districts. The additional $41 million in revenue will go toward salaries, oper- ating expenses and balancing the budget deficit, district officials said. An estimated $17.8 million would go toward a compensation plan to increase
SOURCE: AUSTIN ISD/COMMUNITY IMPACT
pay for 85% of regular, benefit-eligible district employees, including teachers, librarians, coun- selors and other instructional staff. There will be additional budget cuts of around $92 million over the next three years, according to district officials.
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