Understanding School Finance

Step 1

Develop a deeper understanding of how school districts are funded in Texas

Step 2

Gather information about LISD’s current budget outlook

Step 3

Learn of decisions coming before the community in upcoming elections

Recent News

During its May 19 meeting, the Leander ISD Board of Trustees approved a compensation plan, approved a petition to annex a section of the Larkspur subdivision, and started to prepare for the next legislative session. All of this plus celebrations around Student Empowerment!... Read more
May 20, 2022
The Leander ISD Board of Trustees approved a compensation plan for the 2022–23 school year that provides teachers, nurses and counselors with a 5-percent-of-midpoint pay increase and a 4-percent-of-midpoint pay increase for all other staff. The full raise will take effect in employees’ first 2022–23 paycheck. “Taking care of Leander ISD’s amazing teachers and staff […]... Read more
May 20, 2022
At its May 5 meeting, Leander ISD Board of Trustees considered a revised staff compensation plan dependent upon a VATRE approval in November.... Read more
May 6, 2022

Video Series

Finance 101

On the Finance 101 page, community members can learn the basics of school finance in Texas. Included is an overview of how districts are funded and where the money goes; definitions of key concepts and common acronyms; and frequently asked questions.

Graphic: Dollar symbol inside of Texas outline
Revenue increasing and Expenditures increasing more

Budget Deficit

In Leander ISD, initial budget projections showed a budget deficit of about $35 million and a deficit that increases by more than $10 million annually in the following years. On the Budget Deficit page, community members can learn how the district is planning to look for ways to both decrease expenditures while also increasing revenues.

Upcoming Elections

The Elections page details a number of elections over the coming months related to the school district’s finances.

Go Vote

Timeline

Timeline: Nov. 18, 2021 – Received projected 2022-23 student enrollment from demographer; Dec. 16, 2021 – Proposed 202-23 budget assumptions and parameter; Jan. 13, 2022 – Adopted 2022-23 budget assumptions and parameter; March 24, 2022 – Amended budget assumption; May 5, 2022 – Amended budget assumption; May 7, 2022 – Constitutional Amendment Election: Homestead Exemption; May 19, 2022 – Adopted compensation plan; June 23, 2022 – Adopted the 2022-23 budget; July/August 2022 – Certification of property values and tax rate from TEA; Aug. 22, 2022 – Last day to adopt the 2022 tax rate; Nov. 8, 2022 – Elections
  • Nov. 18, 2021: Received Projected 2022–23 Student Enrollment from Demographer
  • Dec. 16, 2021: Proposed 2022–23 Budget Assumptions and Parameter
  • Jan. 13, 2022: Adopted 2022–23 Budget Assumptions and Parameter; Presented Review of Texas School Finance
  • March 24, 2022: Amended Budget Assumption
    • Increase of revenues by seeking November 2022 VATRE
  • May 5, 2022: Amended Budget Assumptions
    • Further increase of revenues with a 9-cent VATRE to cover a 4% pay increase for all employees with an additional 1% pay increase for teachers, nurses and counselors
    • Move projects under Major Maintenance to be funded with 2017 Bond savings
  • May 7, 2022: Texas Constitutional Amendment Election Propositions related to Homestead Exemption passed, increasing the exemption from $25,000 to $40,000 and expanding tax relief to the elderly and disabled, too.
  • May 19, 2022: Adopted Compensation Plan
    • Includes a 5% pay increase for teachers, nurses and counselors and a 4% pay increase for all other employees (percentage increases applied to the midpoint of a scale)
    • Includes a $15 minimum wage for hourly employees
  • June 23, 2022: Adopted 2022–23 Budget
    • Revenues in budget are based on a 9-cent VATRE
    • $3.5 million in budget cuts, avoiding instructional cuts
    • Budget contains a deficit, but meets the Board-set 4% parameter
    • No allocation of funds for Major Maintenance (to be funded by 2017 Bond savings)
  • July/August 2022: Certification of property values and tax rate from TEA
  • Aug. 22, 2022: Adopt the 2022 Tax Rate
    • Board determines tax rate for both M&O and I&S by this date
    • Adopting an M&O rate above the calculated state allowable rate – even if the total tax rate is lower – triggers a VATRE in November 2022 for voters to approve the Board-adopted rate
  • Nov. 8, 2022: Elections
    • Voter-Approval Tax Rate Election (VATRE)
    • Attendance Credit Election (ACE)
    • Trustee Election

Resources

  • Have a question? Submit your question through Let’s Talk or by texting 512-399-0068.
  • Remind: To receive Smart Money information – including weekly facts and “Did You Knows” – and be the first to know of key updates, text @LISDmoney to 81010 to sign up in Remind.
  • Downloadable Fast Facts graphics: Coming soon
  • School Finance Explainer video
  • Visit the Financial Transparency page for detailed information about the district’s finances.