Austin ISD Superintendent Matias Segura said the preliminary budget for fiscal year 2024-25 will be presented as early as April 4, with additional board work sessions to follow.

Current situation

During a board meeting March 28, Segura presented an update on the district’s work toward the FY 2024-25 budget.

As fixed costs increase, district staff will likely maintain a $30 million shortfall and simultaneously make $30 million in cuts. Areas in which staff will consider funding cuts include:
  • Contracts with vendors for services
  • Software
  • Staff
The projected $30 million shortfall is a 42% decrease from the shortfall the district assumed for FY 2023-24. At a board meeting Feb. 23, Segura pointed to increases in staff pay and the basic student allotment not increasing as causes for the FY 2023-24 shortfall.

Segura emphasized that these financial constraints are not unique to AISD, as 43% of school districts in Texas are anticipating budget cuts this upcoming fiscal year, according to a survey conducted by the Texas Association of School Business Officials.

“There is no rescue coming, and there is no one coming to save us,” board member Candace Hunter said March 28.

Going forward

The following is a timeline of the budget process as of March 28:
  • April 4: preliminary budget presented at board work session
  • April 11: Travis County Appraisal District releases preliminary property values
  • May 9: draft of the FY 2024-25 budget presented at board information meeting
  • June 20: public hearing and budget adoption held during board meeting
  • July 25: property values are finalized by TCAD
  • August: board of trustees adopts a tax rate
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