Hutto ISD approves 4% pay increase for teachers in FY 2024-25
Hutto ISD trustees approved pay raises for all staff members May 22, with teachers set to receive a 4% increase in their compensation for fiscal year 2024-25.
What happened
Trustees unanimously approved the following pay increases for staff as part of the FY 2024-25 budgetary process on May 22:
- 4% general pay increase for teachers
- 2% general pay increase for all other staff
Hutto ISD projects $850K in recapture payments to state for FY 2024-25
As Hutto ISD heads into budget season for fiscal year 2024-25, new projections show the district may pay about $270,000 more to the state in recapture than it did in the previous year.
What you need to know
The district held a budget workshop with its board of trustees April 11, in which some administrators shared expectations and projections for some aspects of its financial future.
Read more here.
Hutto ISD proposes $122M budget for FY 2024-25
Hutto ISD is proposing a $122.06 million budget for fiscal year 2024-25, with a projected shortfall of $3.5 million amid increased costs of operation as well as what staff and officials describe as inadequate state funding.
What happened
District staff shared a proposed budget breakdown, including a total tax rate of $1.20520 per $100 of valuation for FY 2024-25, which begins July 1, during a June 13 hearing on the budget and tax rate. This rate is $0.0230 lower than the previous year's tax rate of $1.20750.
The tax rate will fund a planned operating budget of $122.06 million for FY 2024-25. Staff shared a projected $118.54 million in revenue from local, state and federal sources for this budget year as well.
Read more here.
