Carroll ISD faces $2.1m budget shortfall |
Carroll ISD is facing a projected general fund shortfall of $2.1m for the fiscal year 2025-26, with Deputy Superintendent Chase Park estimating it could be around $1.6m. The shortfall is attributed to lower-than-expected tax collection revenues, influenced by an increase in homestead exemptions and tax freezes for seniors and individuals with disabilities. Additionally, CISD incurred $840,000 in recapture payments to the state and faced rising costs in food, custodial services, and fuel. Park mentioned that a potential land sale could bring in $8.75m, and plans for a $10m defeasance of bonds could save the district $800,000. Looking ahead, enrollment is expected to drop by 200 students, leading to a funding loss of $1.7m for fiscal year 2026-27. The budget meeting notice will be published on June 4, with adoption scheduled for June 15.