Galena Park ISD

1
Galena Park ISD

• Budget Workshop
• May 14, 2007

2
State Fiscal Outlook

• 2006-07 appropriation 68.2 billion
• Historic budget surplus 14.3 billion
• Revenue estimate 82.5 billion
• available for 2008-09

3
Budgetary Challenges for 2007-08

• No new monies
• Tax revenues/tax rate limitations
• Staffing of Sam Houston Elementary
• Boosting starting teacher salaries to stay
  competitive
• Recruiting retaining highly qualified Math
• Science teachers
• Funding increases in utility costs
• Funding increases in health insurance cost
• Fund a biennium budget
  

4
M O Tax Rates
5
General Operating FundProjected Deficits and Tax
Rates
6
General Operating Fund Projected Fund Balances
with No Tax Rate Increase (includes a 1,000
teacher raise and 2 GPI)