LTISD Info

According to the LTISD, the “Lake Travis ISD Board approves $81.9M budget” and according to the district’s press release, they have done it without incurring a deficit.

Now isn’t that amazing! The district can make cuts and still remain in the black.

Remember it was not more than a year or so ago that they district was predicting a budget deficit, doom and gloom unless we all approved another tax increase?

“Kirk made reference to a chart [above] that showed the district that without the 2 cents, the district will be in the red with no fund balance whatsoever by 2013. With the 2 cents, the district could stave off the problem for a bit longer.”

“Kirk said 86 percent of the school district’s budget is tied up in payroll — teachers, administrators and support staff. He said that under the circumstances, without help from voters, the district would be forced to cut its staff — including teachers.”

“We all know that property tax increases are unpleasant, but we missed an opportunity to secure additional funding for our District that would have provided some short-term relief. As a result, our District is now faced with a budget deficit of more than $1.7 million.” -Susan Tolles

“`With projected deficit funding of approximately $1.8 million, coupled with a steady increase in student enrollment and operating expenses, the board believes asking voters for additional revenue through a tax ratification election is a prudent and fiscally responsible option,’ said Susan Tolles, President of the LTISD board.”

Finally, and this from the LTISD’s own propaganda, created on September 11, 2009 by Marco Alvarado:

“Future budget projections for the District indicate that at the current tax rate of $1.04, the District would deplete 81 percent of its fund balance or savings account by Fiscal Year 2012-2013.”

Let’s just see if Rocky Kirk get’s another pay raise. Rocky probably will probably convince all his friends on the Board that he needs a salary bump to pay for the cost of his divorce.