Following approvals for employee raises, stipends and benefit increases, Friendswood ISD officials are projecting a balanced budget for fiscal year 2026-27, according to an update presented at the July 13 board meeting.
The overview
The district projects $70.06 million in both revenues and expenditures for FY 2026-27, resulting in a balanced budget, according to district documents.
Compared with the adopted FY 2025-26 budget, both revenues and expenditures are projected to increase by nearly $2.6 million, documents show.
What residents need to know
The district is also projecting a tax rate of $1.027 per $100 valuation of a home for FY 2026-27. The rate combines $0.7839 for maintenance and operations, or M&O, which pays for daily operations, and $0.2431 for interest and sinking, or I&S, which pays bond debt, according to budget documents.
Based on that rate, a homeowner with a median homestead taxable value of $424,611 would have an estimated annual property tax bill of about $4,400, budget documents show.
The proposed tax rate is preliminary and could change following a July 28 bond sale to refinance a portion of the district's 2016 bond debt, FISD Chief Financial Officer Amber Petree said at the meeting.
Some context
At the March 23 workshop, district officials projected a surplus of $3.3 million, as previously reported by Community Impact.
Trustees later approved several compensation adjustments that reduced the projected surplus, including athletics and instructional coach stipends, additional personnel positions and a $50 increase to the district's monthly contribution toward employee health insurance premiums at the June 8 meeting.
What’s next
Trustees are scheduled to hold a public hearing on the proposed FY 2026-27 budget and tax rate at 6:45 p.m. Aug. 24 in the FISD boardroom, located at 402 Laurel Drive, Friendswood.
