Trustees unanimously approved the budget during an Aug. 25 meeting. The budget accounts for general operating needs, child nutrition services and district debt and interest payoff.
Trustees also approved a tax rate of $1.1178 per $100 valuation. The maintenance and operations tax rate is higher than the previous fiscal year and the interest and sinking tax rate is lower than the previous fiscal year, according to district documents.
A closer look
The general fund has about $570.62 million in revenue and about $573.5 million in expenses, creating a $2.88 million deficit.
Both funds have increased year over year, with revenue increasing 2.5% from FY 2024-25, and expenditures increasing 2.2%.
Of the total $573.5 million in expenditures, the largest amount will be spent on instruction. The board previously approved staff raises after the passing of House Bill 2 in Texas' 89th legislative session.
The overall tax rate will be $1.1178 per $100 valuation, which is the same as FY 2024-25, district documents state.
LISD is saving around $19 million in contracted services by bringing substitute teachers and transportation services in-house, according to district documents.
The budget also includes:
- $27.36 million in child nutrition fund expenditures
- $203.8 million in the debt service fund
Board President Jenny Proznik said the budget process began in December and thanked district staff for their work.
“I want to extend my appreciation to your staff as well,” Proznik said to LISD Chief Financial Officer Scott Wrehe.
