Friendswood ISD officials presented a balanced budget for the 2025-26 fiscal year at the board’s Aug. 11 meeting—closing what had been a projected $1.7 million shortfall as of its last budget discussion in July.

With a projected balanced budget, the district is looking at a projected tax rate of $1.03 per $100 valuation of a home.

What’s new

District officials credited the improvement of the budget to an increase of 98 students in average daily attendance, or ADA, which boosts state funding for the district by over $2.65 million compared to budget projections from July.

FISD is projecting about $67.4 million in revenue and $66.7 million in expenses, along with $770,375 in debt service for maintenance tax notes, leaving the district with a balanced budget, according to district documents.The local impact

The district is also looking at a projected tax rate of $1.03 per $100 valuation of a home for 2025—a $0.01 decrease from last year’s tax rate, according to district documents.

This tax rate will be nearly $4,340 of taxes due on an average residence—about a $210 decrease compared to last year’s value of nearly $4,550 of taxes due on an average residence, according to district documents.

This rate is with an average residential market value of over $590,000. Last year’s average market value was nearly $577,000, according to district documents.While the tax rate is projected to decrease for FY 2025-26, it could potentially hike up by $0.13 per $100 valuation of a home for FY 2026-27 if voters approve a $165 million bond election in November. The bond election was called for by trustees at its Aug. 11 meeting, Community Impact previously reported.

This increase translates to an estimated $48.75 per month for homeowners with a taxable value of $450,000.

What’s next

The budget and tax rate will be considered for adoption by the board Aug. 25 at the district’s board room, located at 402 Laurel Drive, Friendswood.