(FORT BEND ISD) – The Fort Bend ISD Board of Trustees has unanimously approved a total budget of $930 million for the 2022-23 school year.
The total spending plan includes the General Fund, Debt Service and the Child Nutrition Fund.
Salary and benefits make up $679 million of the General Fund budget, which includes raises for teachers and non-teaching staff. Teachers and other staff will receive two to three percent salary increases. Teachers received average raises of six percent last year and non-teaching staff received four percent. The district will not raise insurance premiums for next year.
The 2022-23 Debt Service budget, which as the name implies is used to pay back debt the district has incurred, is $126 million.
The Child Nutrition budget is $36 million. The spending plan includes a 75-cent increase in the price of students’ breakfast and a 25-cent increase in the price of students’ lunch.
The district’s budget also includes $27 million in Elementary and Secondary School Emergency Relief funds to achieve a 90-day fund balance. Board policy requires the three-month reserve amount for the General Fund but not for the Debt Service or Child Nutrition funds.
The district budget must be prepared each year by June 19 and adopted no later than June 30.
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