Katy ISD
The KISD preliminary budget has been released and included in the $561 million budget is a raise for KISD employees. The budget includes a 3% raise for teachers and non-teachers. Teachers will receive a $1,500 increase and non-teachers will receive a 3% increase on the midpoint of their salary range.
The budget draft for the upcoming fiscal year also shows that the district expects to keep the tax rate the same. despite reports that taxes may be increased due to a deficit in the debt service fund.
The district manages three funds: general, special revenue and debt service. The general fund is the largest with an expected balance of over $78 million. This fund is responsible for payroll and the day-to-day operations needed by the district, not counting food service. Payroll costs comprise the majority of expenditures out of the general fund, at 88%. Debt service is the second largest of the fund with an estimated balance of $34 million. This fund is supported primarily from local taxes. The smallest of the districts funds is the special revenue fund, which is responsible for all food service and technology payments. The balance of this fund is almost $4 million.
The board of trustees has unanimously approved the salary increase for the district employees as of Monday night. Once the preliminary budget becomes a true budget, all KISD employees can then celebrate their hard earned token of appreciation
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