Education
BY SAMANTHA DOUTY & HANNAH JOHNSON
FISD OKs $963M budget with potential shortfall Frisco ISD ocials adopted a total budget of $963.78 million with a potential $30.81 million shortfall in the general fund for scal year 2024-25. The overview Here is a breakdown of what is included in the $963.78 million budget: • $752.51 million in the general fund • $32.02 million in the child nutrition fund • $179.26 in the debt services fund • $30.81 million potential shortfall in the general fund Several revenue-generating options are being evaluated for FY 2024-25 and FY 2025-26, said Kimberly Smith, FISD’s chief nance and strategy o cer. This includes:
TEA investigates Prosper ISD leader A notice from the Texas Education Agency was placed on Prosper ISD Superintendent Holly Ferguson’s educator certication on April 10, a TEA ocial said in an email. The notication on an educator’s certicate means an allegation of misconduct is being investigated by TEA sta. What we know It is unknown why Ferguson is being reviewed by the TEA. The TEA has not provided the district with any information about the nature of this investigation nor who has made the allega- tion against Ferguson, according to a May 9 Prosper ISD statement. The Prosper ISD school board does not have oversight on the investigation as it is being conducted by the TEA.
“We are making this recommendation [for the budget] with the understanding
that we have not stopped working on this budget, and we will not stop striving for a more sustainable, long-term nancial plan.” KIMBERLY SMITH,
CHIEF FINANCE AND STRATEGY OFFICER
• A voter-approved tax rate election to generate about $12 million • An attendance campaign to generate $1.5 million Looking ahead The district’s FY 2024-25 tax rate will be pre- sented to trustees in August for potential November election. The proposal is to increase the district’s mainte- nance and operations tax rate, which funds payroll and other operational costs, by $0.03165 to be $0.78915 per $100 valuation, if approved.
Frisco ISD ocials OK 3% raise for teachers, sta
FISD's budget for scal year 2024-25 was approved by trustees May 15. Here is a breakdown of what is included in the $963.78 million budget:
who received a satisfactory evaluation at the end of their contract year are eligible for the raise. Starting teacher salaries will increase from $59,000 in the 2023-24 school year to $60,500 in the 2024-25 school year, which has a $30.8 million budget shortfall. Raises cost about $5 million for every 1% increase, said Kimberly Smith, FISD chief nance and strategy ocer. The 3% raise will cost about $15 million.
Frisco ISD teachers and sta members will receive a 3% raise in the 2024-25 school year. The district’s 2024-25 compensation plan was approved by the board of trustees May 15. A closer look Eligible employees will receive a raise that is either 3% of the midpoint of their pay grade or 3% of their base wages, whichever is higher. Employees
$752.51M in the general fund
$179.26M in the debt services fund
$30.81M potential shortfall in the general fund
$32.02M in the child nutrition fund
SOURCE: FRISCO ISDCOMMUNITY IMPACT
30 MINUTES OF FREE SIMULATOR GOLF with free rental clubs. Expires 6/30/24. Limit 1 per customer.
FOR THE PROS & FIRST TIMERS
tutordoctor.com/frisco 972-703-9344
Scan QR for our website
• 1x1 Tutoring PK - Grade 12 • Algebra I, Geometry, & Algebra II Summer Camps
214.308.9011
5977 Preston Road Suite 500 Frisco, TX
13
FRISCO EDITION
Powered by FlippingBook