The Houston Independent School District will consider passage today of a $2 billion budget for the 2020-2021 academic year which includes a $34.4 million salary and benefits package as well as an increase in employer contribution to health insurance premiums for employees.
The board will hold a virtual public hearing on the 2020-2021 budget and tax rate today, Thursday, June 11 at 4 p.m., followed by its regular monthly virtual meeting which begins at 5 p.m.
The salary and benefits package has been updated to also include the following:
The tax rate in HISD’s 2020-2021 budget is slated to be a maximum of $1.1331 for every $100 of property valuation, down a fraction from last year’s $1.1367.
As part of the 2020-2021 budget, HISD will also be required to send $12 million in “excess revenue” to the state of Texas since the district’s revenues will exceed its entitlement under the new school finance system.
HISD’s budget must be approved by June 30 in accordance with state law, since HISD’s fiscal year begins annually on July 1 and ends on June 30.