Tagged: AISD Budget

AISD's Chief Finance Officer, Nicole Conley, presented a revised proposed $879 million  budget for the next fiscal year Monday night.

She said although Texas public schools may be getting $3.9 billion dollars restored from the $5.4 billion state lawmakers cut in 2011, AISD isn’t expecting much of a benefit locally from the partial funding restoration. 

The Austin Independent School District is estimating it will have a $45 million shortfall in its 2014 budget. The district is holding a community meeting tonight to discuss spending priorities.

AISD officials say there are a few reasons for the projected budget shortfall. Most of the deficit is money that will be taken or “recaptured” from AISD – a district considered property rich. That money is then distributed to districts that are considered poorer.

The Travis County Taxpayers Union filed an ethics complaint with the Austin Independent School District, saying the proposed $892 million bond initiative on election ballots next month asks too much of taxpayers.

The group's treasurer, Donald Zimmerman, said the district’s current budget already covers the increase in maintenance cost that the proposition requests. Zimmerman also alleged that AISD acted unethically by providing an estimated cost to average taxpayers on signs promoting the bond.

The Austin ISD Board of Trustees will hold a public meeting to discuss a nearly $900 million bond proposal tonight at Crockett High School in South Austin. 

A good — and groggy — morning to the 50,000 UT-Austin students returning to class today. Here’s some of Austin’s top overnight stories.

Austin School Board Approves 2012-13 Budget

The Austin ISD Board of Trustees approved a budget for the coming school year last night, including $14 million in raises for district employees.

The Austin American-Statesman has more details on the budget:

The district will keep its tax rate the same, at $1.242 per $100 of assessed value, with $1.079 for operations and 16.3 cents for debt. The owner of an average taxable value home, $244,534 after exemptions, would pay $3,037 annually, an increase of $7.