The board of trustees adopted the tax rate and approved a budget amendment to lower the shortfall during the Aug. 28 board meeting.
What you need to know
The adopted $1.1069 tax rate is broken down into:
- $0.7869 for maintenance & operations, which funds classrooms, staff and daily operations
- $0.3200 for interest & sinking, which pays off voter-approved debt
Also on the agenda
The board also approved a budget amendment to the 2025-26 general fund, which will lower the budget shortfall.
The board adopted the budget in June with a $10.3 million shortfall, but included a motion to amend the budget following further guidance from House Bill 2.
The bill provided additional state funding to Texas school districts for mandated pay raises for educators and support staff, special education and safety allotments, and other fixed costs and expenses.
In July, Chief Financial Officer Jennifer Land reported that PfISD would receive approximately $16.8 million in additional funding from HB 2. This will offset the previous budget shortfall by $6.9 million, bringing the new deficit to $4.3 million.
