Maintenance and operations, which funds day-to-day operations including most salaries, is set for $106.76 million while unrestricted capital will be $23.52 million. That budget includes buildings; maintenance; buses; and soft capital items, such as textbooks, software and technology devices.
Under the third revised budget for fiscal year 2020-21 adopted May 12, the district budget was $95.01 million for maintenance and operations and $23.51 million for unrestricted capital, meaning the increase for next school year is about $11.75 million in maintenance and operations and about $6,000 in unrestricted capital.
The fiscal year 2021-22 budget includes a 5% pay raise for employees, bringing the average teacher salary to $62,173, up from $59,212 this school year.
District Finance Director Tyler Moore cautioned the board that the budget was still somewhat tentative because the state Legislature has not passed a budget for fiscal year 2021-22. However, state law requires the district to pass a budget by July 15, and the governing board does not meet again before then.
The district has until Sept. 15 to revise its budget as needed if the state budget changes what the district anticipates in receiving in funding.
Moore said the district’s property tax will be based on its budget but did not present a rate and said it would be presented to the board in the fall.