The Fort Bend ISD board of trustees approved a resolution Sept. 19 approving a supplemental compensation program based on eligible employees’ years of service in the district.
With the approval, the program provides one-time supplemental payments worth $13.2 million in the first year, according to agenda documents.
The funding is contingent upon a majority of registered voters approving an upcoming tax rate election slated for the ballot Nov. 8, according to the district’s resolution. The board of trustees gave the go-ahead for that tax rate election Aug. 22, proposing a $0.0755 tax rate increase and bringing the proposed fiscal year 2022-23 tax rate to $1.2101 per $100 of assessed property value. While the average resident would face a $208 increase on their annual property tax bill, FBISD would start to earn an additional $47.7 million in annual revenue beginning in the fiscal year 2022-23.
In the first year of the program—2022-23—employees who have completed up to four years will receive $500, while employees who have completed five to nine years would receive $1,000. Only in year one will staff members with less than five years’ service receive a supplemental payment, according to a Sept. 19 news release. New employees must be employed no later than Oct. 30, 2022, to be eligible for the 2022-23 supplemental payment. It would be included in employees’ Nov. 30, 2022, paycheck.
