The overview
The college’s board of trustees unanimously approved a budget of $437.44 million and increased base salaries by 4% during an Aug. 26 board meeting.
The FY 2025-26 budget includes $434.26 million in revenue and $437.44 million in proposed expenses. The budget includes :
- $317.79 million in unrestricted funds
- $76.88 million in restricted funds
- $39.59 million in interfund transfers
College officials completed a review of peer and local market salary data through the Texas Association of School Boards for the college’s pay system. This review included salaries for other community college systems, universities and the college’s school district partners, said Melissa Irby, Collin College’s chief financial officer.
Base salaries for staff members will be increased by 4%. The college system will also increase the new hire faculty salary base by 4%.
The pay increases will cost $7.1 million and is included in the 2025-26 budget, Irby said.
