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Budget to Be Presented at June 27 Board Meeting; Public Hearing Scheduled

June 23, 2022

 

Dripping Springs ISD will present a proposed 2022-2023 fiscal year budget to the Board of Trustees for consideration at the June 27 board 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 inherent with rapid 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.

 

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. A significant increase in the total budget will go towards the state recapture payment, which is expected to increase from $11.2 million to $20 million for the 2022-2023 fiscal year. 

 

The board meeting will start at 6:00 p.m. in the DSISD Central Office Board Room (510 W. Mercer St.). The budget presentation and public hearing will be at the beginning of the agenda. A summary of the proposed budget is available here