District Chief Financial Officer Courtney Reeves presented a “first look” at the upcoming budget during a Jan. 20 board of trustees meeting.

The big picture: Initial projections expect PISD to have $527.3 million in revenue against $571.05 in expenditures in FY 2026-27.

District staff is anticipating increased local property tax revenue due to property value increases, but the net revenue projection for FY 2026-27 is still down by $7.23 million from the year prior. That is largely due to projected enrollment decline, along with a one-time sale of property from closed campuses that occurred in FY 2025-26, Reeves said.

Diving in deeper: District enrollment has decreased every year since peaking at 55,659 in the 2011-12 school year. PISD enrollment as of October was 43,838 and is expected to drop to 41,830 next year, according to initial projections.

A winter storm watch is in effect for the Dallas-Fort Worth area with sleet expected to begin Friday night.

What you need to know: Widespread wintry precipitation, with the majority being sleet, is expected throughout Saturday and potentially into Sunday morning.

"Dangerously cold temperatures" are forecasted to begin overnight Friday into Saturday, with temperatures anticipated to drop as low as 11 or 12 degrees Saturday night into Sunday, officials said. Along with the cold temperatures, wind chills overnight Saturday into Sunday could sit between 0 and -10 degrees.

Shoe Palace is opening a new location at the Allen Premium Outlets in early 2026, according to a news release.

The specifics: The business offers a variety of footwear for men, women and children, per its website. It also offers apparel and accessories.

• 820 Stacy Road, Ste. 224, Allen

A set of permanent regulations for thousands of Texas businesses selling consumable hemp products took effect Jan. 21, after the Texas Alcoholic Beverage Commission adopted them one day earlier.

The overview: The latest hemp rules do not bring significant changes to the roughly 60,000 businesses under TABC oversight. They replace similar emergency rules adopted Sept. 23, prohibiting Texas alcohol retailers from selling hemp-derived THC products to customers under 21 years old.

“The key you heard today… is the effect of THC on younger folks' development—much like alcohol, the same reasons we regulate alcohol for those 21 years old [and up],” TABC chair Robert Eckels said.

Zooming in: The TABC has limited jurisdiction over the consumable hemp industry and can only require age limits and ID checks, agency leaders said. State health officials are considering more comprehensive regulations on the industry.

“The Department of State Health Services’ rules are going to be much more robust,” TABC general counsel James Person said Jan. 20. “They actually cover the products themselves: the [THC] content, the testing and whatnot."