Glen Rose ISD Board of Trustees hold 2015-16 budget workshop

COURTESY OF GLEN ROSE ISD

The Glen Rose ISD Board of Trustees held a budget workshop on July 27, 2015 to review the projected revenues and expenditures for the 2015-2016 school year.

Glen Rose ISD Superintendent Wayne Rotan made a presentation to board members regarding anticipated revenue and expenditures for the 2015-2016 budget cycle.

The proposed general operating budget is $25.7 million. This represents a decrease of $1.8 million primarily due to a decrease in "recapture". Glen Rose ISD will send approximately $7.4 million in local property taxes to the state for distribution to other school districts. "Recapture" payments are required under the "Robin Hood" school finance plan. Glen Rose ISD is classified as a property wealthy district under Chapter 41 of the Texas Education Code. Since 1993, Glen Rose ISD has sent $560 million to the state in "Robin Hood" payments.

At the July 13, 2015 budget workshop, Superintendent Rotan recommended (and the board approved) a 2% increase to the midpoint for all GRISD employees. District salary increases totaled $260,000, but savings (by replacing and absorbing vacant positions) offset increases by $160,000. Salaries and benefits for district employees comprise 80% of district expenditures. Fuel and electricity are the next highest category representing almost 10% of in-district expenditures.

The proposed budget will be formally adopted at the August 25, 2015 meeting of the Glen Rose ISD Board of Trustees.