VISD tweaks budget with more state cuts
Aug. 18, 2011 at 3:18 a.m.
IF YOU GO
WHAT: VISD special board meeting to hear public comments and vote on budget and tax rate
WHEN: 6 p.m. Aug. 25
WHERE: Administration Building, 102 Profit Drive
In its last meeting before the start of the new school year, the Victoria school board pored over another budget that reflected even more cuts in state funding.
The cuts amounting to $2.2 million are in response to growing property values in the district.
"Simply put, the more taxes paid locally, the less the state pitches in on funding," Superintendent Bob Moore said, reading from a budget overview.
The 4 percent increase in property values will gather about $2.1 million more in local funds. That's based on a tax rate that's the same as last year's rate of $1.3226 per $100 of property value.
In the past, state and local funds were offset nearly dollar-for-dollar, but this year's state funding templates decreased state contributions.
Part of the new cuts will be funded by increased daily attendance projections, which the district conservatively estimated would reach 100 more than last year.
VISD anticipates hiring new teachers to cover the enrollment in growth. Their salaries would be funded by attrition and the increase in funds for growing attendance.
Board Vice-President Bernard Klimist said the district has done a praiseworthy job balancing its budget, especially compared to schools that had bulkier budgets.
"You've done an incredible job, as lean as we are," he said. "We're still balanced, we're paying the bills, and they've got new schools."
Moore said the district will have to become even more fiscally lean next year, as state and federal funds will continue to decrease.
"Looking ahead to next budget year, the purse strings will be even tighter," he said.