Why? SISD leaders will not have real numbers for the 2023-24 budget to present to trustees until April, SISD Chief Financial Officer Ann Westbrooks said, but her preliminary estimates show a budget deficit due to multiple factors:
- SISD has been seeing lower student attendance averages of about 88%-91% since the coronavirus pandemic hit in early 2020, compared to an average attendance of 94% prior.
- The cost of the district’s self-funded medical plan for staff is greater than plan premiums.
- The district expects to see an enrollment increase from 34,175 students in the 2022-23 school year to 34,271 students in 2023-24. However, Westbrooks said the district is budgeting for no enrollment increase.
The details: While SISD does not anticipate enrollment growth, the district does hope to see growth in property values for the 2023-24 budget. SISD saw its property values from the Harris Central Appraisal District increase 10%-15% in the last two fiscal years, so the district is cautiously budgeting for an increase of 8% in property values, Westbrooks said.
What’s next? SISD will receive its estimated property values from the appraisal district by April 30. More accurate budgeting estimates can be made afterward.