Education
BY HANNAH JOHNSON
PISD projects $39M shortfall in 2025-26
Prosper, Celina ISDs approve staff raises Celina and Prosper ISDs have approved various staff raises. State mandated pay increases come from House Bill 2. The pay increases include: $2,500 increases for 3-4 years experience and $5,000 increases for 5+ years
Proposed FY 2025-26 tax rate District officials expect the FY 2025-26 tax rate to be $1.2376 per $100 of assessed property value.
$1.5 $1 $0.5 $0 $2
Prosper ISD may be facing a multimillion-dollar shortfall in the fiscal year 2025-26 budget, according to preliminary totals. Historically, about $10 million of projected expenses are not spent by the district, said Kyle Penn, PISD’s deputy superintendent of district and employee services, in a June 13 board meeting. While estimated revenue and expense totals show a $45 million difference, district officials are project- ing the shortfall in the 2025-26 school year to be approximately $39 million. “We know there’s some challenges with that and we’ve taken steps already ... to begin working on [the shortfall],” Penn said. The overview The preliminary budget includes: $390.94 million in revenue and $436.73 million in expenditures. The majority of PISD’s budget goes toward
experience. The details
*PRELIMINARY
SOURCE: PROSPER ISD/COMMUNITY IMPACT
payroll. Payroll is 81% of the total budget at $351.72 million—a $57.7 million increase from the 2024-25 school year. Nonpayroll budget expenses, which account for 19% of the budget, have increased by $16.3 million from last year. PISD officials are anticipating a growth of 2,500 students in the 2025-26 school year. An additional 566 positions were added to the district since the 2024-25 school year budget was adopted, Penn said. District officials expect to adopt the FY 2025-26 budget and tax rate in August.
The Celina ISD board approved other pay increases including: $2,300 increase for teachers with 0-2 years experience and 4% increase for all staff. Prosper ISD board members set aside local funds to increase the pay for other teachers and staff members outside the state requirements. Those increases include: $2,500 increase for teachers with 1-2 years of experience and 4% increase for staff.
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PROSPER - CELINA EDITION
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