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Elementary and Primary Education
Houston ISD Board of Education
by Garrett Bryce
Monday, June 25, 2018

The Houston Independent School District Board of Education, in a special meeting today, voted unanimously to adopt the district’s FY2019 Budget.

The budget was approved with amendments. The proposed budget projected revenues totaling $1,997,345,003, and planned expenditures totaling $1,998,483,851, requiring a draw down of the district’s fund balance of $37,100,621, resulting in a projected ending fund balance of $483,945,985.

The budget is based on a property tax rate of $1.04 per $100 for maintenance and operations and $0.1667 per $100 for payments on the district’s bonded indebtedness.

The district is required to purchase attendance credits totaling $272,492,039 under the state’s school finance program, due to being considered a property tax wealthy school district.

The board had failed to approve the budget at its June 14 meeting. State law had required the budget be adopted by June 30. Agenda

Ocean Star
Remembering Jim Guidry

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