Budget to Be Presented at June 28 Board Meeting; Public Hearing Scheduled
June 23, 2021
Dripping Springs ISD will present a proposed 2021-22 fiscal year budget to the Board of Trustees for consideration at the June 28 meeting, which also will include a public hearing.
Dripping Springs ISD builds its budget priorities around the district’s vision and mission, while meeting the challenges accompanied by student growth. In following those priorities, the district’s charge is to monitor spending in a way that results in the most efficient use of resources, within the limitations and mandates placed upon public schools by statute and regulations. A tight alignment is maintained between the overall budget and the district/school planning that helps DSISD meet established priorities.
The student enrollment projection for the coming school year is 8,007, which is an increase of approximately 500 students from 2020-21. DSISD will be opening its fifth elementary school, Cypress Springs Elementary.
School district budgets are divided into three separate funds: the General Fund, the Child Nutrition Fund, and the Debt Services Fund. The General Fund is the fund that covers operating expenses for the school district and primarily is funded by the Maintenance and Operations (M&O) portion of the tax rate. The Debt Service portion of the budget is funded by the Interest and Sinking (I&S) portion of the tax rate.
While tax rates are not determined until September once the state releases its calculations, the M&O rate is projected to drop 2 cents from its current rate ($0.9832 to $0.9630 per $100 certified value). This change would result in the overall tax rate dropping from $1.332 to $1.313 per $100 certified value.
The 2021-22 proposed total budget that will be presented to the board for consideration (including the recapture payment to the state) represents a 6.3 percent increase from the 2020-21 budget. Approximately half of the increase over last year’s budget is due to a significant increase in the state recapture payment, which is expected to go from this year’s total of $4,455,456 to next year’s estimated total of $6,974,798.
The board meeting will start at 6 p.m. in the auditorium at Dripping Springs High School. The budget presentation and public hearing will be at the beginning of the agenda. The meeting notice is available here. A summary of the proposed budget is available here.