Lake Travis ISD projects a balanced budget and decreased tax rate for the 2020-21 school year

Johnny Hill—Lake Travis ISD’s assistant superintendent for business, financial and auxiliary services—presented the district's budget projections during a Jan. 15 school board meeting. (Amy Rae Dadamo/Community Impact Newspaper)
Johnny Hill—Lake Travis ISD’s assistant superintendent for business, financial and auxiliary services—presented the district's budget projections during a Jan. 15 school board meeting. (Amy Rae Dadamo/Community Impact Newspaper)

Johnny Hill—Lake Travis ISD’s assistant superintendent for business, financial and auxiliary services—presented the district's budget projections during a Jan. 15 school board meeting. (Amy Rae Dadamo/Community Impact Newspaper)

Johnny Hill—Lake Travis ISD’s assistant superintendent for business, financial and auxiliary services—provided the board of trustees with an initial look into the 2020-21 school year budget during a Jan. 15 board meeting.

The LTISD five-year budget model showed an estimated tax rate decrease in 2020-21, with the rate projected at $1.3154 per $100 valuation. Residents also saw a tax rate decrease of $0.07 for the 2019-20 school year, with the adopted tax rate of $1.3375.


Hill also mentioned that the board of trustees may be delayed in officially adopting the tax rate for 2020-21 due to the required certification of the Texas Education Agency. The 2020-21 budget will be officially adopted in August, with the tax rate potentially being approved a month later.

The district also expects to see a slight increase in its recapture rate next year, with the total increasing from $39.78 million to $41.55 million.

Texas’ recapture system, often referred to as “Robin Hood,” requires districts with a value per student higher than $541,000 to pay a recapture rate based on the district’s taxable value, according to the Texas Education Agency. The money is collected by Texas’ education fund and redistributed to districts with a lower socio-economic status in an attempt to equalize funding.



Despite recapture rates likely increases, Hill told the district that House Bill 3 was kind to the district.

The budget projections also estimate a balanced budget in 2020-21, with a projected ending fund balance of $42.57 million, showing no change from the previous year.

Superintendent Brand Lancaster noted that the district has often increased its budget annually, however they have done so in a fiscally responsible way. LTISD saw a $2.5 million change in its budget during the 2019-20 school year.

This is in part due to enrollment increases. LTISD, a fast growing district has seen yearly enrollment increases, with the overall enrollment projected at 11,490 in the next school year. According to Hill, the district has grown by 80% in the 11 years he has worked for LTISD.


“The budget is going up, but it’s going up a lesser percentage of our student enrollment,” Lancaster said.

Hill said that the board of trustees will continue the budget process, which usually lasts eight months with projected budgets being handed out in February.

By Amy Rae Dadamo
Amy Rae Dadamo is the reporter for Lake Travis-Westlake, where her work focuses on city government and education. Originally from New Jersey, Amy Rae relocated to Austin after graduating from Ramapo College of New Jersey in May 2019.


MOST RECENT

Residential appraisal valuations have been sent to Travis County property owners. (Iain Oldman/Community Impact Newspaper)
Travis Central Appraisal Districts says hot housing market is reflected in 2021 appraisals

Property owners have until May 17 to file a protest of their home's appraisal.

The Austin City Council is set to meet May 6 to go over a 70-item agenda. (Ben Thompson/Community Impact Newspaper)
Austin City Hall notebook: Votes on revamped APD cadet academy, possible shift in homeless strategy on tap May 6

Council may look to the possibility of establishing designated campgrounds for the Austin's homeless this spring, with a citywide public camping ban set to go into effect May 11.

Heidi Sloan will assume the position of head of school on July 1. (Courtesy St. Michael's Catholic Academy)
St. Michael’s Catholic Academy announces new head of school

As director of academics, Sloan spearheaded the school’s Winter Term program—a global travel internship program currently in its sixth year.

Austin City Council will vote on whether to reboot the police department's training academy May 6. (Courtesy Austin Police Department)
Benchmarks for 'reimagined' APD cadet academy on track ahead of City Council commencement vote

Training of the Austin Police Department's 144th cadet class could get underway next month following an overhaul of the academy's instructional process and curriculum.

Photo of a gloved hand holding a vaccine vial with the words "vaccine news" superimposed
Austin-area health officials prep for vaccines to open to kids 12 and up

Austin-Travis County interim Health Authority Mark Escott said he expects the FDA to authorize Pfizer's vaccine for kids 12 and up within a week.

Catch up on election results from the Lake Travis-Westlake area. (Community Impact Newspaper staff)
ROUNDUP: Election results, reactions from the Lake Travis-Westlake region

Lake Travis-Westlake residents took to the polls May 1 to cast their ballot in several location elections. Following the final results, the region will see a new mayor, a new school board member and changes to city charters.

Reunión 19 is serving tacos, burritos and more at The Waypoint Food Truck. (Courtesy Reunión 19)
East Austin taqueria opens location in Lake Travis food truck park

Reunión 19, an East Austin-based taqueria, opened a new food truck in April at The Waypoint Food Trailer Park in the Hudson Bend area.

Lakeway City Council discussed May 3 the need to improve a Hurst Creek footbridge as part of an overall discussion of needed capital improvements. (Greg Perliski/Community Impact Newspaper)
Safety of footbridge at Hurst Creek called into question

Footbridge part of larger council discussion of city's capital improvement budget

New penalties for camping and several other activities will be enforced after the May 1 election is certified and Proposition B's homeless ordinances are in effect. (Ben Thompson/Community Impact Newspaper)
With Proposition B's passage, Austin City Council looks to solidify homelessness summit goals, may consider designated campgrounds

The city may look to the concept of temporary designated campsites to house individuals experiencing homelessness after a new camping ban enacted through Proposition B goes into effect.

Photo of hands in purple gloves prepared a vaccine vial
As Travis County receives fewer vaccines this week, state asks for 'one more big push' in distribution

The Texas Department of State Health Services is shifting its distribution model for vaccines moving forward.