The Fort Bend ISD board of trustees voted unanimously to adopt a budget of $634.63 million for the district’s general operations.
Nearly 63 percent of the budget will go toward instruction, instructional materials and curriculum development, according to FBISD documents.
“This budget does not need a tax rate increase,” said Steven Bassett, the chief financial officer of FBISD.
The adopted budget is based on the current total tax rate of $1.32 per $100 of taxable property value with $1.06 earmarked for general operations and $0.26 for the debt service fund. The board is expected to vote and officially adopt a tax rate in the fall, said Amanda Bubela, FBISD director of external communications and media relations.
However, staff projects a potential budget shortfall of approximately $7.86 million, Bassett said. Funds from the district’s economic stabilization fund and other revenue sources may be used to cover the deficit.
In addition to the general fund, the board approved budgets of $91.24 million and $29.87 million for its debt service fund and child nutrition fund, respectively.