Education
Tomball ISD leaders expect $9.1M shortfall for FY 2024-25 budget
Tomball ISD's budget TISD projects a $9.1 million shortfall in fiscal year 2024-25—$4.1 million more than in FY 2023-24.
FY 2023-24 FY 2024-25
Revenues
$203M
Tomball ISD is expected to face a $9.1 million shortfall for fiscal year 2024-25, district leaders said April 8. The overview District leaders originally estimated FY 2024-25 having a $22 million shortfall, but it has since “been brought down,” Superintendent Martha Salazar-Zamora said April 8. The FY 2023-24 budget is expected to end with about a $5 million shortfall, Chief Financial Officer Zack Boles said. “I’m not sure that we’re going to be able to get [$9.1 million] down this cycle, but we absolutely know that we cannot continue this,” Sala- zar-Zamora said. Who it affects About 87% of TISD’s budget is allocated to staff
salaries and benefits, Boles said. For FY 2023-24, TISD gave employees raises of around 4%, but for FY 2024-25, TISD leaders recommended: • A 2% raise for employees and pay scale adjust- ments for employees such as custodians and paraprofessionals for about $4.3 million • A bump to the starting teacher salary from $60,500 to $61,000 annually, with adjustments according to experience, up to 40 years Due to growth, around 115 new employees will be needed next school year, Boles said. “If 87% of our dollars [fund personnel costs], then we start cutting things, it’s people we’re cutting. ... Sadly, I just think it will come down to personnel, and we don’t want that to be the case,” trustee Lee McLeod said.
+5.42%
$214M
Expenses
$208M
+7.26%
$223.1M
SOURCE: TOMBALL ISD/COMMUNITY IMPACT
The takeaway Boles said TISD’s shortfall is due to factors such as the cost of opening new facilities, increased inflation, a lack of funding for public education during the 88th legislative session and the ending of some federal stimulus funding. The FY 2024-25 budget and tax rate are set to be approved June 18 and Sept. 10, respectively.
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