The overview
AISD is expecting $366.6 million in both revenue and expenses. That total is nearly $7 million more than last year’s revenue and expenses, according to district documents.
While the additional revenue could nearly all be attributed to a projected 700 new students, a majority of that money will go toward staffing and opening two new schools, and replacing another in the fall, according to district officials.
A growing expense for the district is personnel, which AISD officials expect to spend $18.4 million more on this year compared to last, documents show. Of that, almost $7.7 million is going toward a 3% cost of living adjustment.
Much of the rest is going toward staffing at a pair of new schools—Iowa Colony Junior High School and Barbara Bennett Elementary School—that are opening in the fall, documents show.
What else?
The board will also consider calling an election for a new bond, which could be worth about $380.1 million, according to a presentation by the district’s Citizens Advisory Committee.
Daniel Combs, assistant superintendent and chief financial officer for AISD, said the bond would traditionally go to helping fund new or expanding schools.
While district officials say the bond could help with the growth seen in the district, funding for maintenance is difficult to include in the bond, leaving officials to include such funds in the district’s regular operating budget. Maintenance costs were one of the leading expenses in the budget, with $600,000 attributed to maintenance and operation expenses, according to district documents.
Stay tuned
AISD will meet at 7 p.m., June 11 at the Tommy King Administration Building at 301 E. House St., in Alvin.
