Education
BY HANNAH JOHNSON
McKinney ISD is facing a potential shortfall of $21.9 million in fiscal year 2024-25. The gist A breakdown of the draft budget includes: • $245.44 million in revenue • $267.35 million in expenditures • $21.91 million in revenue shortfall McKinney ISD’s proposed tax rate is $1.1252 per $100 valuation for fiscal year 2024-25, a decrease from the current $1.1275 tax rate. Budget explained Funding for a school district is based on average daily attendance. Prior to 2020, the district’s McKinney ISD faces potential $21.9M shortfall
attendance rate was closer to 96%, said Dennis Womack, MISD’s assistant superintendent of busi- ness, operations and technology. The attendance rate in the 2023- 24 school year was 94%. He cited lingering effects of the COVID-19 pandemic as the cause for the decreased attendance rate. “We need parents to send their kids to school,” Womack said. The basic allotment for schools is $6,160 per student, which has not changed since 2019. Record inflation has also contrib- uted to increased costs, Womack said. Diving in deeper Budget increases for the 2024- 25 school year include: • $5.64 million for staff raises • $1.90 million for special educa- tion program growth • $1.63 million in hiring costs • $1.12 million increase in the district’s recapture payment
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MISD historical tax rates
Proposed tax rate: $1.1252
$1.50 $1.35 $1.20 $0.90 $1.05
0
2021-22
2022-23
2023-24 2024-25 *
School year
SOURCE: MCKINNEY ISD/COMMUNITY IMPACT *THE FY 2024-25 TAX RATE HAS NOT BEEN FORMALLY ADOPTED BY MCKINNEY ISD.
MISD names new director of CTE
Jae Gaskill, principal at McKin- ney North High School, will serve as McKinney ISD’s director of career and technical education in the 2024-25 school year. Gaskill will replace CTE Senior Director Todd Young, who is retiring. The background Gaskill has 32 years of experience
in education, with 25 years spent in administrative roles. She joined MISD in 2007 as an associate principal at McKinney North High School. In 2016, Gaskill transi- tioned to principal of the school. She was named the Texas Association of Secondary School Principals Region 10 outstanding high school principal of the year in 2018.
* All programs subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. The term, amount, interest rate and repayment schedule for your loan, and any product features, including interest rate locks, may vary depending on your creditworthiness and on the type, amount and collateral for your loan. Member FDIC. Equal Housing Lender. NMLS# 400025. Copyright 2023 First United Bank. All rights reserved.
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MCKINNEY EDITION
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