Leander ISD is expecting an increase in its recapture payments to the state, with recent projections sitting around $50 million, according to LISD Chief Financial Officer Pete Pape.
The district originally anticipated it would send around $36 million in recapture payments to the state. While LISD won’t know the exact figure until the last day of school, Pape said in an April 27 board of trustees meeting the average daily attendance has been lower than expected, bumping that figure up to an estimated $51 million.
“Depending on what legislation passes, next year that amount could be significantly lower,” he said. “We’ve run some scenarios, but until I know what passes, we’re not going to throw numbers out at this point.”
Meanwhile, the district’s financial services staff are projecting LISD’s end of year balance in the general fund to result in a $6.9 million surplus—$185.8 million—compared to the shortfall of $5.3 million originally budgeted for.