What’s happening?
At its May 14 workshop meeting, district officials and trustees projected the budget should see a surplus of nearly $4.1 million, along with a slight decrease in the overall tax rate.
For FY 2024-25, PISD will have estimated revenue of about $213.3 million. This has increased from FY 2023-24 by more than $1.2 million, according to district documents.
PISD will have estimated expenses of $217.4 million. This has increased from FY 2023-24 by more than $5.2 million, according to district documents.
Although the district will have more expenses than revenue projected, salary savings could add more than $8 million to the budget, which would give the district a surplus of more than $4 million. That surplus would go to the district's fund balance, documents show.
The district’s new fiscal year will begin July 1, meaning officials have to approve a new budget before that date.
What else?
The tax rate is also projected to decrease by $0.0023, bringing the tax rate from $1.1373 to $1.1350, according to district documents.
While the interest and sinking, or I&S, rate will remain at $0.3481, the maintenance and operating, or M&O, rate will decrease from $0.7892 to $0.7869, according to district documents.
Also of note
The trustees will also consider three personnel positions.
According to district documents, the district is requesting the following positions:
- 1 instructional coordinator, who will provide on campus instructional coaching for elementary classroom teachers
- 1 instructional coach, who will assist teachers with differentiation of instruction to close achievement gaps for all students
- 1 dual instructional coach, who will assist teachers with differentiation of instruction to close achievement gaps for all students at dual language elementary campuses
Stay tuned
PISD will meet at 5 p.m., June 11 at the PISD building at 1928 N. Main St., in Pearland.
