Lewisville ISD passes $489.4 million general fund budget with $14.2 million deficit for 2019-20

The Lewisville ISD board of trustees unanimously adopted a $489.4 million general fund budget for 2019-20 that included pay raises for teachers and increased spending for security.

The budget, approved at an Aug. 26 meeting, included an $18.6 million recapture payment to the state—almost half of what it had to pay in 2018-19, due to school finance reform passed into law this year.

LISD is entering its second year as a recapture district. This means that the district is considered by the state to be “property-rich” and must pay money into the recapture system that is then redistributed to “property-poor” districts.

Mike Ball, LISD’s chief financial officer, said the district is subject to recapture payments because property values have gone up while enrollment has declined.

Though LISD’s 2019-20 budget includes a recapture payment that is significantly lower than last year’s, the district still ends up with a $14.2 million deficit.

House Bill 3, which was passed into law this year, mandates that districts give teachers raises. As a result, the budget included increased compensation for teachers at all levels of experience.

Teachers with less than five years of experience were given a 2.5% raise under the new budget, while those with six to 15 years of experience were given a 2.75% raise. Additionally, teachers with 16 or more years were given a 3.5% pay increase under the new budget.

The board also adopted a maintenance and operation tax rate of $0.97 per $100 valuation. The interest and sinking rate was approved at $0.3675 per $100 valuation. This means the total tax rate was set at $1.3375, seven cents less than last year's rate.


(Courtesy Adobe Stock)
Denton County Public Health urges residents to get vaccinated as local flu cases rise

Officials asked residents to get vaccinated as flu cases rise in Denton County.

(Jason Lindsay/Community Impact Newspaper)
Eggspress Cafe coming soon to Highland Village

Eggspress Cafe is expected to open in Highland Village by the end of the year.

(Photo by Jason Lindsay/Community Impact Newspaper)
Wellmind Coffee Co. now open in Highland Village

A new coffee shop is open in Highland Village.

(Rendering courtesy Bright Realty)
Bella Grande Nail Salon coming soon to The Realm at Castle Hills

Bright Realty announced Dec. 3 that Bella Grande Nail Salon is set to open in The Realm at Castle Hills in fall 2020.

(Photo by Anna Herod/Community Impact Newspaper)
Flower Mound Town Council awards $1.6 million contract for construction of water line at Morriss Road

Flower Mound Town Council unanimously voted Dec. 2 to award a $1.6 million construction contract to Western Municipal Construction of Texas to install a 20-inch water line at Morriss Road.

Lynda Sue Costley, 69, got a drafting degree from Amarillo College decades ago and returned to take classes in design software. She is in default on student loans she took out from the federal government. (Photo by Eddie Gaspar/The Texas Tribune)
Report: Americans age 65 and over are fastest growing demographic of student loan debt borrowers

Student loan debt doesn’t impact just millennials — it affects senior citizens, too.

(Photo by Anna Herod/Community Impact Newspaper)
DFW Landfill in Lewisville scales back business as it nears capacity

After 47 years of operation, the DFW Landfill in Lewisville is nearing the end of its life, officials say.

Denton County’s senior population is expected to increase significantly in coming years, but meeting the need for professional caregivers will be challenging, according to officials. (Graphic by Chase Autin/Community Impact Newspaper)
Denton County's growing senior population to fuel demand for caregivers, resources to help them

A shortage of caregivers for older adults is expected to become more severe as the senior population booms in the next decade.

(Graphic by Chase Autin/Community Impact Newspaper)
Real estate update: here's the latest market data for Lewisville, Flower Mound and Highland Village

Market data is compiled several weeks after the closure of the month to ensure accuracy. Here are the most recent housing statistics for the area.

The city of Lewisville will host its Old Town Holiday Stroll Dec. 7 with a day full of activities for the whole family. (Courtesy city of Lewisville)
Here's 10 things to do in Lewisville, Flower Mound and Highland Village in December

There's a variety of holiday events coming up soon in Lewisville, Flower Mound and Highland Village.

(Courtesy Adobe stock)
Lewisville officials expect Garden Ridge Trail construction to be complete this spring

The city of Lewisville is almost done with a 4.2-mile trail and 3.6-mile bike lane that is shared with vehicles alongside Garden Ridge Boulevard and South Valley Parkway.

Nathan Dean and Kim Cloud Skidmore
Sense of community, family define Cloud 9 Salon, Spa & Boutique in Flower Mound

Cloud 9 Salon, Spa and Boutique has been a Denton County fixture since 1992 and a part of the Flower Mound community since 2004.

Back to top