Chief Financial Officer Jennifer Land provided the board of trustees with the a budget overview during the June 26 board meeting.
Something to note
The 2025-2026 budget was created utilizing current law, Land said.
House Bill 2—an $8.5 billion public school funding bill that is slated to provide slight increases to the basic allotment, safety and special education allotments, and targeted teacher and staff raises—could impact various revenues and expenditures within PfISD's budget, she said.
Further guidance is expected later this summer.
Breaking it down
The general fund budget consists of:
- $293.7 million in revenues, with $216.5 million coming from local taxes, $74.4 million from state aid and $2.7 million from School Health and Related Services funding
- $305 million in expenditures, with $249.7 million going toward salaries and benefits, $46.1 million for campus budgets and $9.1 million in recapture payments
The food service budget is projected to have a $60,523 surplus against $14.8 million in expenditures, mainly utilities, and $14.9 million in revenues, mainly from federal reimbursements.
The debt service budget is projected to have a $324,879 surplus against $91.9 million in expenditures and $92.2 million in revenues, mainly from property tax collections.
What else?
Several other budget assumptions have not changed from recent discussions, including:
- A projected student enrollment of 25,573
- A projected average daily attendance rate of 91%, or 23,271 students
- A $435 per month district health insurance contribution
Looking ahead
The motion to approve the budget included language for the board to make various budget amendments after PfISD has fully identified what HB 2's impact will be, including revising the 2025-26 compensation plan, of which pay adjustments would be retroactively applied for the school year.
Amendments could also be made following changes to the property value growth and tax rate numbers.
