The PISD board of trustees at its June 14 regular meeting approved the fiscal year 2022-23 budget in a unanimous vote. Trustees Lance Botkin and Amanda Kuhnn were absent from the meeting.
PISD is expected to raise $236.06 million in total revenue, $128.7 million of which comes from local sources, according to agenda documents.
All revenue estimates for the adopted budget were made on the following assumptions: an enrollment of 20,730 students, an attendance rate of 95.8%, a tax base of $9.9 billion and a 98.5% tax rate collection using an estimated tax rate of $1.2931 per $100 valuation, Chief Financial Officer Jorgannie Carter said.
The tax rate is an estimate only. The board has not yet approved a tax rate for FY 2022-23. The tax rate will be proposed for adoption at a future board meeting, Carter said.
The board passed a resolution in the consent agenda that authorized the Brazoria County tax assessor-collector to calculate the no-new-revenue tax rate, the voter-approval tax rate and other truth-in-taxation requirements for the district.
“Our next step in the budget and tax rate adoptions is to receive our certified values by July 25,” Carter said. “Afterwards, [the Texas Education Agency] will provide us with a maximum compressed rate by Aug. 5, and then we will be adopting our tax rate at the August or September board meeting.”
PISD expects to have $243.43 million in expenditures for the 2022-23 school year. The district will end with a deficit of $7.37 million for the school year.
Some $170.78 million of the district’s expenditures is designated for payroll costs, Carter said. The board approved a salary compensation package of 2% across the board for the 2022-23 school year back in its April regular meeting.
