Round Rock ISD expects budget surplus after sale of Cypress Blvd. property

The update showed there were several areas in which expenses were a little higher than originally projected, he said.

Still, the district is projecting about $460 million in expenses and $468.28 million in revenue, making for an $8.2 million surplus.

The details

The district is projecting just under $21.75 million in additional state revenue compared to the budget adopted in June, in light of local property tax collections being about $33.9 million lower than projected for the total year. This amount is subject to change as the district continues collecting local property taxes through the school year, Covington said.

The district also saw increases in expenditures across several areas, including staffing and incentives:

• Additional teachers to support enrollment: $3.1 million
• Enrollment incentive: $3.5 million
• Teacher retirement system—on-behalf payments: $1.68 million
• Retiree payout: $619,000
• Juvenile Justice Alternative Education Program contract increase: $48,000
• Private nurse for a special education student: $40,000
• Additional unfunded budgeted expenses: $1.67 million
• Stipends: $3.4 million

The district passed a balanced $466 million budget in June, being one of few districts in the state to do so at the time.