A June 8 Hutto ISD budget workshop for fiscal year 2023-24 revealed several projected numbers that include lower average daily attendance and a potential $5 million shortfall.
By the numbers
Initial projections for the coming budget provided by HISD Chief Financial Officer Glenn Graham include:
- 10,378 projected enrollment
- 9,547 projected average daily attendance, or about 92% of capacity
- $111.23 million total projected revenue for the district
- $116.16 million total projected expenditures for the district
- $69.47 million total projected revenue for the district's general fund
- $26.69 million in projected state aid
- $1.12 million in projected state recapture
- Graham said the projected average daily attendance is down from 96% for the 2022-23 school year, and because that figure is tied to state financial aid, the FY 2023-24 revenue estimation for HISD is down about $3 million.
- District staff are projecting a total tax rate for FY 2023-24 of $1.3462. That figure is about $0.05 lower than the FY 2022-23 rate of $1.3929, but Graham said the tax rate and other figures could change as planning continues throughout budget season.
- The $111.23 million in projected revenue for FY 2023-24 creates just under a $5 million potential shortfall for HISD. Despite the shortfall, Graham said it is a step in the right direction, as the district operated under a $6.64 million shortfall during FY 2022-23.
Next steps: The next Hutto ISD budget workshop will be June 20. Community Impact will update HISD budget stories as district staff and officials continue to make adjustments.
