Education
BY WESLEY GARDNER
Humble ISD trustees approve 2% on-average raises for staff
Balancing budgets The FY 2024-25 budget marks the second straight year Humble ISD’s expenditures have surpassed revenue.
Humble ISD trustees approved what will effec- tively equate to a 2% on-average raise for staff. The overview The staff raises were included in the roughly $651 million budget for fiscal year 2024-25 adopted during the board’s June 11 meeting. HISD Chief Financial Officer Billy Beattie said the compensation package includes 1% on-average raises and a one-time stipend worth 1% of salaries for all employees. He added the package will effectively raise a starting teacher’s salary in the district from $63,700 in FY 2023-24 to $64,987 in FY 2024-25. Additionally, Beattie said officials are recom- mending no increases to health insurance pre- miums offered through the district’s self-funded insurance program. A closer look According to the FY 2024-25 budget, HISD will
take in roughly $636 million in revenue while spending around $651 million, resulting in an approximately $15 million budget shortfall. However, Beattie said the projected shortfall is a result of plans to spend roughly $36.2 million on previously planned food services initiatives. Also of note Several adjustments were also made to the district’s compensation plan, including: • Raising the pay for bus aides, child nutrition specialists and custodians to $12.63 per hour • Raising the pay for special education parapro- fessionals to $15 per hour • Raising the pay for bus drivers to $20 per hour What’s next Trustees will consider formally adopting a tax rate of $1.1055 per $100 valuation for FY 2024-25 in September.
Revenue
Expenses
$539.7M $525.83M $550.65M $549.58M
+$13.87M
FY 2020-21
+$1.07M
FY 2021-22
$589.7M $589.6M
+$100K
FY 2022-23
$626.54M $633.52M $636.05M $650.93M
-$6.98M
FY 2023-24
-$14.88M
FY 2024-25
SOURCE: HUMBLE ISD/COMMUNITY IMPACT
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