Leander ISD will hold a public hearing and vote on the proposed fiscal year 2020-21 budget at its June 18 meeting.
The proposed $379,864,589 general budget recommended by LISD staff includes a one-time 2% payment to all LISD employees, a drop in the property tax rate and $15 million for new positions, many of them at the new Danielson Middle School, which is scheduled to open in August in Leander.
The proposed budget reflects a 5.67% increase to the $359,483,811 FY 2019-20 budget.
The proposed tax rate of $1.4162 reflects a small drop from the FY 2019-20 rate of $1.4375. The maintenance and operations rate accounts for all of the drop, from $0.97 to the proposed $0.9487. The proposed sinking debt rate will remain the same at $0.4675. Some homeowners in LISD, however, could see an increase in their property taxes if there is a rise in their property value.
The final decision on the property tax rate will be made in the fall.
The budget is $21,000,327 over projected revenue, according to LISD documents. The difference will be paid by the district’s general fund, which is estimated to be $168.3 million after FY 2019-20, according to LISD spokesperson Corey Ryan.
The online meeting is scheduled for 6:15 p.m. and may be viewed live at LISD's YouTube page. Citizens who wish to comment during the meeting must register online between 5:30-6 p.m.
FY 2020-21 begins July 1.
