Education
BY CHLOE YOUNG
Leander ISD adopts budget with $13M general fund shortfall
The overview
Diving in deeper
Special funds
General operating budget expenditures Other: 0 . 45% Utilities: 2% Recapture: 3%
Expenditures: $15.77M
Expenditures: $461.59M
2.5% salary increase for all staff totaling $8.13M New positions: 91 totaling $6.44M
Child nutrition fund
Deficit: $1.31M
Deficit: $13.09M
Revenues: $14.46M
Revenues: $448.5M
Expenditures: $161.46M
Debt service fund
The deficit comes as the district has faced several cuts to state and federal funding plus new state mandates: • A $7 million reduction in Medicaid reimbursements for special education students • A $1.8 million reduction in Title 1 funding • The loss of a grant for autism services and Elementary and Secondary School Emergency Relief grant funds • $2 million in start up costs and $4.8 million annually to create a police department under House Bill 3 • A $5.4 million reduction in the Instructional Materials and Technology Allotment funding
Supplies/materials: 4% Contracted services: 4% Payroll: 85%
Revenues: $161.46M
Tax rate breakdown
General operating budget revenues Federal: 1% Other local sources: 4% State funding: 22% Local tax collections: 73%
2023-24
2024-25
Average school property tax bill Proposed tax rate per $100 valuation Average taxable home value
$427,922
$426,517
A $109 decrease from the prior year
$1.1087
$1.0869
$4,635
$4,744
SOURCE: LEANDER ISD/COMMUNITY IMPACT
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