The Austin Independent School District (AISD) has approved a $1.2 billion budget for the 2024-2025 school year, which includes a $41 million deficit. This budget, adopted late Thursday night, totals $954 million in operating expenses. The district is facing significant financial challenges, partly due to a lack of increased base level funding since 2019, as explained by school finance expert Chandra Villanueva. To address the multi-million dollar deficit, AISD trustees are considering a Voter Approval Tax Rate Election in November. The outcome of this election will largely determine the size of the budget deficit for the next fiscal year. Without voter support, staff pay increases will be minimal.
Austin ISD’s budget deficit means staff pay will barely budge without voter help. https://t.co/j3s3mfHGex
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After an hours-long meeting, the Austin Independent School District’s Board of Trustees approved a new budget for next school year late Thursday night. https://t.co/kiwvnT8xWH
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How large Austin ISD's budget deficit will be during the next fiscal year largely hinges on whether the school board calls a Voter Approval Tax Rate Election in November and the outcome of that election. https://t.co/OKYjV6r91h
Austin ISD approves $1.2 billion budget with $41 million deficit. Here's what will be cut. https://t.co/cHTyzjPs1y
On Thursday, the @AustinISD Board of Trustees approved a $954 million budget for the 2024-25 school year #AustinISD https://t.co/TUxgN7dUN8
UPDATE: Austin Independent School District adopted a 2024-2025 budget totaling $954 million in operating expenses. https://t.co/t9sSIxqDNp
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Late last night, AISD Trustees signed off on the budget for the next school year, the district now facing a multi-million dollar deficit. With that looming, the district is considering turning to voters for help. https://t.co/TVYzU4A1KV
Why do so many Austin-area school districts have budget deficits? “The biggest issue that we’re dealing with is the fact that we have not increased base level funding since 2019,” school finance expert Chandra Villanueva said. https://t.co/0OBaCSGJdd
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