Education
WISD eyes balanced 2024-25 budget Willis ISD is expecting to have a balanced budget for fiscal year 2024-25, according to a budget workshop at the board of trustees’ June 10 meeting. The details WISD’s projected revenues and expenses are $85 million; however, the district is waiting until property values come in to finalize revenue numbers. The majority of the district’s expenses go to payroll, which includes a recent increase to teacher salaries, as previously reported by Community Impact . “This summer will shift as we refine the budget throughout the summer, but this is a strong foundation,” said Garrett Matej, the district’s assistant superintendent of business and finance.
Montgomery ISD approves $4.3M gap for FY 2024-25
On June 28, Montgomery ISD’s board of trustees unanimously approved the district’s fiscal year 2024-25 budget, which includes a shortfall of about $4.3 million. The overview MISD’s general fund shortfall for the FY 2024- 25 budget stems from a $5.1 million increase to expenses, while revenue increased by only about $798,000, according to district leaders. Zooming in According to June 28 meeting materials, the FY 2024-25 budget also includes: • $780,000 in increased expenses for the opening of Creekside Elementary School • $1.1 million for new special education positions • $804,000 in cuts to expenditures The context MISD’s “budget challenges” are a result of the
"Adopting a de cit budget, though it is painful to do, I do think it is the most transparent thing
we possibly do." MARK RUFFIN, MISD SUPERINTENDENT
lack of funding increases made for public schools during the 88th legislative session, according to a May 9 email from district officials. Trustees also authorized an efficiency audit in relation to a potential voter-approval tax rate election, or VATRE, ballot initiative. Stay tuned Trustees typically approve the district’s tax rate in August. This year’s rate is $1.0487 per $100 valuation, with FY 24-25’s rate to be determined.
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