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Some Hutto ISD employees may qualify for a future pilot program to incentivize administrators, as district staff works to plan the district's financial future ahead of the 2026-27 budget year.
In a nutshell: In an April budget update, HISD Chief Financial Officer Caleb Steed said the district expects to meet its financial goal of a balanced budget for the 2026-27 financial year, following district-wide budget reductions and amid higher property values.
The specifics: While home values have decreased on average, Steed said commercial and multifamily property values have grown, increasing expected revenues by about $5 million. He said his department is also planning compensation increases for certain positions, as well as a first-time program to incentivize campus performance by rewarding administrators.
Because the district originally planned for a flat budget, where expenses and revenues were the same as the year before, the additional funding will turn a projected $3.5 million shortfall into a balanced budget, where revenues and expenses are equal.
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