Carroll ISD's board of trustees heard a presentation on the fiscal year 2018-19 preliminary budget at its meeting on Monday, May 7. Assistant Superintendent for Financial Services Scott Wrehe showed trustees two projections for the next school year's budget. The first was based on a taxable growth of 7.25 percent, and the second projection was based on a taxable projection of 9.32 percent. Both projections are based on the property values Southlake received in April. "Just to give you an idea, last year our April values were up 10.8 percent; we ended up in July, they were at 8.5 percent," Wrehe said. "So there could still be some swing in there between the April values and the values that are going to be certified in July." CISD's first projected preliminary revenue is estimated at $104.16 million, and the revenue for the second projection is estimated at $105.83 million. This takes into account an enrollment of 8,457 students with a 96 percent attendance rate, as well as an increase in state funding. Expenditures for the first projection is estimated at $110.72 million and the second projection is estimated at $111.38 million. After the district receives 4 cent enrichment revenues and rebates, this results in a budget deficit of $2.19 million and $1.11 million, respectively, for the 2018-19 school year. Wrehe said the projection excludes any salaries increases or staffing increases at this point. "This could change a lot during the summer as we get additional values in" Wrehe said. "I’ll have more information at the meeting in June when I’ll have our second projection, but right now things are looking more positive than they have in the past few years."