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By fiscal year 2027-28, Clear Creek ISD could deplete its capital and contingency funds, leaving the district with a “two-year runway” to address a projected over $24.1 million shortfall.
Currently, the district is also projecting a shortfall of over $20.1 million for FY 2026-27.
What residents should know
CCISD discussed the district’s fiscal year 2026-27 budget priorities and assumptions at the board of trustees' June 22 meeting.
To manage the projected shortfall, the district is looking to use its fund balance as well as capital and contingency funds to cover the shortfall, according to a presentation given at the meeting.
On June 8, the district workshopped a final budget report identifying priorities and revenue, according to previous reporting by Community Impact.
Taking a step back
At a May 4 workshop, the board and staff conducted a preliminary budget review, during which the district identified several budget challenges, including rising fuel and insurance costs and difficulty recruiting and retaining staff, according to previous reporting by Community Impact.
Revenue has also declined, including state funding tied to homestead tax limitations for elderly or disabled residents, which has fallen from $7.8 million in 2023-24 to $2.7 million in 2025-26, according to previous reporting.
What’s next?
The district must make a decision whether to order a voter-approval tax rate election, or VATRE, by Aug. 17, according to the presentation.
Currently, the district is waiting for appraisal values from the central appraisal district, which are expected by July 25, and an updated demographic report.
