FISD employees to get a 2 percent raise
Friendswood ISD employees will receive a 2 percent salary increase through a district budget that is based on an unchanged tax rate and that includes a $550,000 deficit, according to the budget documents.
The tax rate of $1.36 per $100 value has been in effect since 2012, but the district is increasing the maintenance-and-operation portion of the rate by 4 cents through a swap move in which the debt service portion of the district’s rate will go down by the same amount.
The budget, with a general fund balance of $50.4 million, was approved at an Aug. 13 board meeting. The budget that plans for $51 million in total expenditures for the upcoming fiscal year. Revenue are expected to $50.4 million.
The district expects to see property tax revenue increase by 7 percent from 2017, from $33 million to $35 million. State funding will decrease 19 percent in the next year due to the increase in property values.
The district is able to do the tax swap without an election through a state exemption because of Hurricane Harvey, which caused an increase in expenditures in response to the natural disaster, according to district budget documents.
The maintenance and operation rate per $100 valuation will go from $1.13 to $1.17, while the debt service will drop to 19.7 cents.
Attempts to reach Friendswood ISD board president Rebecca Hillenburg and Superintendent Thad Roher regarding the deficit were unsuccessful by presstime.
Board vice president Tony Hopkins declined to comment on the topic.
Projected enrollment for the 2018-19 school year is 6,141 students, which is an increase of 1 percent, or 69 students, over the 2017-18 enrollment.