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.

By Georgia Fisher Aug. 23, 2012 | 7:01 am | 4 Comments | Comments RSS
4 comments to "HPISD Budget Includes Employee Raises "
  1. really @ August 24, 2012 at 12:35 am
    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?

  2. Parkie @ August 24, 2012 at 11:42 am
    @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.

  3. Georgia Fisher @ August 24, 2012 at 12:03 pm
    @ Parkie, yep, that’s correct. HPISD will ultimately pay out about $69 million, or 64 percent, in “recapture” dollars.

  4. really @ August 24, 2012 at 11:41 pm
    Thank you both.

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