HPISD Budget Includes Employee Raises
… and that’s for the first time in a couple of years.
Trustees approved the school district’s $123.2 million general operating budget — which covers a 2 percent pay bump for all faculty and staff — and its $11.4 million debt-service budget at Tuesday’s regular board meeting.
Those figures include around $2.5 million in gifts from PTAs and other organizations. “The community has always stepped up in this district,” said trustee/finance officer Joe Taylor, “and frankly, we’re going to need the community to step up.”
HPISD’s taxable property value has increased about 1.2 percent for the 2012-2013 fiscal year. Its tax rates remain unchanged.
You need to be clearer on the budget number. $123 million may be what we bring in with taxes, but it is no where close to what stays in HP. Because of Robin Hood it is much less. Would you please tell us that number?
@really, budget info from the HPISD website
http://www.hpisd.org/Portals/0/docs/business/2012_13_Adopted_General_Fund_Budget.pdf
$68.5 million recaptured.
@ Parkie, yep, that’s correct. HPISD will ultimately pay out about $69 million, or 64 percent, in “recapture” dollars.
Thank you both.