June 24, 2019
June 24, 2019—The CFISD administration presented its 2019-2020 budget proposal to the Board of Trustees during its committee-of-the-whole meeting on June 24. The proposed budget adheres to the school finance plan as detailed in the final negotiated version of House Bill 3 (HB 3), passed by the 86th Texas Legislature last month. CFISD’s 2019-2020 budget proposal includes provisions for teacher salary increases that exceed HB 3’s requirement, amounting to an average salary increase of 5% for all teachers.
CFISD plans to provide raises for all staff for the eighth consecutive year. The district’s 2019-2020 budget proposal calls for the following salary increases:
The general fund budget includes local revenues of $524,083,450, state revenues of $419,454,637 and federal revenues and other sources of $21,200,000. CFISD’s total proposed budget is $992,256,686.
The proposed tax rate for 2019-2020 of $1.37 is a decrease of 7 cents from the 2018-2019 school year, with the Maintenance & Operations Tax rate at $0.97 and the Interest & Sinking (I&S) Tax rate at $0.40. The decreased property tax rate is a result of property tax reform in HB 3 passed during the 86th Legislative Session.
In addition to the previously mentioned salary increases, the 2019-2020 budget proposal provides for funding for 29 additional elementary school counselors, new teachers and increases in contributions to the Teacher Retirement System (TRS), benefits and other miscellaneous expenses.
View the complete 2019-2020 budget presentation on the CFISD website.