Development News for La Porte, Texas

District Budget Workshop Addresses Financial Outlook, Compensation, and Enrollment Declines

The board held a budget workshop to discuss the district's financial outlook, budget, and compensation plan for the upcoming school year. Key discussions included the fiscal year 2026 general fund estimated balance, building the fiscal year 2027 estimated budget, and compensation options for staff. The estimated taxable property value for the current year is $15.4 billion, an increase from the previous year's $15.1 billion. Enrollment has declined by 141 students, resulting in an estimated loss of $1.88 million in funding. The board considered a 2% salary increase for staff, which would cost approximately $1.15 million, and adjustments to pay grades for para-professionals. The projected fiscal year 2027 budget shows a deficit of $12.4 million, with a projected fund balance of $38.1 million. The board also discussed the importance of student attendance, with a 1% increase equating to $900,000 in additional funding.