Salaries remain the largest expense for Pflugerville ISD, so the district has to continually find ways to attract and retail staff, PfISD Chief Financial Officer Jennifer Land said.
Both Pflugerville and Hutto ISDs will also have to pay state recapture for the first time, with PfISD anticipating paying the state $12 million.
"The budget is very fluid and will change as the year progresses similar to how costs change for our families," Land said. "When our families see large increases in the costs of goods and services such as gas and grocery items, school districts also see those unexpected increases and must accommodate for that."
Money out
An upcoming voter approval tax ratification election this November could result in a lower tax rate for Pflugerville ISD over last year. If voters approve the new rate, property owners would pay about $150 less than last year on their tax bill.
Because salaries account for the district’s largest expense, officials aim to attract and retain employees.
Year over year expenditures increase by nearly 3% from $259.4 million to $267.1 million in FY 2022-23.
Money in
The district anticipates receiving 51.7% less funding from state sources this fiscal year at $34 million compared to last year’s $70.4 million. Local revenues are based on a tax rate that requires voter approval in November. Overall revenues remained relatively the same from the previous fiscal year.
To read about the city of Pflugerville's budget, click here.
