The overview
AISD will have $366.6 million in both revenue and expenses. That total is nearly $7 million more than FY 2023-24’s revenue and expenses, according to district documents.
The additional revenue could nearly all be attributed to a projected 700 new students, officials said.
A growing expense for the district is personnel, which AISD officials expect to spend $18.4 million more on in FY 2024-25 compared to FY 2023-24, according to district documents. 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.
Almost $7.7 million is going toward a 3% cost of living adjustment, officials said.
Other additional expenses, totaling around $1.7 million, are expected, documents show. Some of the larger expenses include:
- $600,000 for maintenance and operation
- $342,211 for an increase in campus budget allocation
- $172,011 for emergent bilingual, foreign language and culture services
- $150,317 for fine arts
- $134,327 for athletics and physical education
“If you’re wondering what the financial health of [Alvin ISD] looks like, we can say that we are in a very healthy position,” said Daniel Combs, assistant superintendent and chief financial officer for AISD. “The state of Texas has given us a superior rating, which is the top rating that a school district can receive for financial management.”
Stay tuned
AISD will receive final certified values of the budget on July 25 and adopt the tax rate at the board’s Sept. 10 meeting, according to district documents.
