Aledo ISD Board of Trustees Adopts 2020-2021 Budget
August 24, 2020
The Aledo ISD Board of Trustees approved the district’s 2020-2021 budget Monday night, lowering the maintenance and operations tax rate while including a raise for employees.
The approved $61.5 million operating budget includes a 2% raise for all staff. This is an increase of at least $1,200 for teachers and librarians and a 2% raise of the pay grade midpoint for all other staff. Starting teacher salary will increase from $55,000 to $56,000, placing the district second among other districts in the market comparison group for first-year teacher salary.
“Our teachers and staff are doing more than they’ve ever done before, so giving our employees a raise this year was very important to the board,” Aledo ISD Board President Hoyt Harris said. “We want to continue to stay competitive in the market and also make sure our teachers know we appreciate them.
“There are many unknowns with COVID-19 expenses this year, but we know for certain that our students will have exceptional experiences because of our staff who care so deeply about their success,” Harris said.
The district’s total tax rate will decrease from $1.4933 to $1.4797 per $100 of value as the district compresses the maintenance and operations tax rate under House Bill 3 passed by the Texas Legislature in 2019.
In preparing the budget, the district made very conservative assumptions for both revenue and expenditures for the 2020-2021 school year. In addition to a very conservative enrollment projection, the district made an assumption that it will not receive reimbursement for any COVID-19 expenses.
Due to uncertainty with COVID-19 expenses – generally one-time, non-recurring expenses totaling approximately $837,000 – the budget approved has about a $510,000 budgeted deficit. COVID-19 expenses include things like hand sanitizer, gloves, face coverings, antibacterial soap, internet hotspots, additional custodial staff and more.
“It remains to be seen if there will be an actual budget deficit this time next year since there is so much unknown about this school year,” Superintendent Dr. Susan Bohn said. “As in year’s past, our administration has made the most fiscally conservative estimates on everything from enrollment to the tax collection rate and athletic and fine arts revenues. The district has and will continue to seek opportunities for state and federal COVID-19 emergency funding and reimbursement for as many COVID-19-related expenses as we can.”