What you need to know
Clear Creek ISD’s board approved its budget assumptions and goals for fiscal year 2023-24 at its June 26 meeting. These assumptions and goals set the parameters for how district officials develop the budget in the coming months.
According to district documents, some of those assumptions and goals are:
- Assuming an enrollment loss of 300 students
- Retaining a 5% local homestead exemption
- Increasing state revenues
- Giving competitive salaries to employees
The details
Before the district can hold a VATRE in November, officials will need to check a few boxes.
First, officials will need to have an audit conducted that will look at how efficient the district is with its resources. Board members approved the audit at the meeting June 26.
Paired with that, the district will have to seek public feedback on the VATRE, which the board gave district officials permission to start doing.
Next, when it comes time to approve a new tax rate, officials will have to approve one that goes above a maximum threshold set by the state. If they do this, it will automatically trigger the VATRE.
One more thing
Along with the VATRE, CCISD officials could seek voter permission for a roughly $600 million bond. Trustees approved on June 26 allowing officials to start seeking public feedback and will come to constituents with three possible options for how to structure the bond.
While the VATRE would provide money to help with the district’s day-to-day operations, the bond will go to facility repairs, infrastructure upgrades, equipment, technology and other necessary improvements within the district.
