Education
BY BRITTANY ANDERSON & CHLOE YOUNG
Lake Travis ISD budget shortfall grows $2 million Lake Travis ISD is facing a $2 million increase to its budget shortfall of $4 million for fiscal year 2024-25. The $6 million shortfall comes amid lower enrollment, adding special education positions and people protesting their property value appraisals, said Pam Sanchez, LTISD’s assistant superintendent of business services. The breakdown LTISD is projecting a $6 million budget shortfall after amending its FY 2024-25 budget, which was adopted in August. The amendment accounts for a net decrease of $800,000 in revenues and a net increase of $1.2 million in budgeted costs. About 11,000 students are enrolled despite the district budgeting to serve 11,315 students based on previous demographic projections, Sanchez said. The decrease of 315 students will result in
Bond funds approved for EISD projects At the Oct. 22 meeting, the Eanes ISD board of trustees approved $4.2 million of bond funds for the interior renovation of 401 Camp Craft Road. The building will be converted to the dis- trict’s new central administration building, moving from 601 Camp Craft Road. The land the building sits on was first purchased in December 2022. What else? The board approved the purchase of IBM data storage equipment to replace aging infrastructure in the Eanes ISD Data Center. The $161.3K purchase will come out of the 2023 bond and reduce maintenance costs, enhance system performance and improve data accessibility and protection, per agenda documents.
Budget adjustments
Revenues
$1 million decrease in local tax revenue due to protest settlements, homestead exemptions and refunds filed $200,000 increase in the state’s Available School Fund Expenses $1.2 million increase in recapture due to lower enrollment $300,000 increase in payroll costs for special education positions $300,000 decrease in payroll costs with help from federal funds
SOURCE: LAKE TRAVIS ISD/COMMUNITY IMPACT
a $1.2 million increase of the district’s recapture payment totaling $51 million. Stay tuned Board members will actively advocate for stu- dents during the upcoming legislative session for funding changes, board President Erin Archer said.
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LAKE TRAVIS - WESTLAKE EDITION
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