Austin ISD board to vote to adopt new $1.4 billion budget
AUSTIN, Texas — The Austin ISD Board of Trustees will vote to adopt next year's budget.
This budget has been in the works since October, put together by Chief Financial Officer and Superintendent Dr. Paul Cruz and was presented to the board last month.
It's $1.4 billion in total with general funding at $1.3 billion, a nearly 4 percent increase from last year; funding for food services is factored in at just under $40 million, an 8.5 percent increase from the previous budget; $105 million for debt service funding, down 1 percent; and $54 million set aside to cover any anticipated shortfalls.
Also, this budget includes a 1.5 percent increase for all full-time and part-time employees which is an additional $8.5 million from last year.
Now when Gov. Abbott called for a special session, he asked for a teacher raise of $1,000 each.
This budget does not include any help from the State.
If that money does come in, the district would pay the difference between the 1.5 percent pay increase and the $1,000.
Other increases include nearly $7 million in employee health insurance costs, $2 million for software and $4 million to help support special education staff.
Meanwhile, the tax rate is proposed to remain the same.
The other big thing that will be discussed tonight is the bond proposal.
The general consensus among board trustees is to keep the bond under $1 billion.
The meeting will start tonight at 7 p.m.
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