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Following approvals for employee raises, stipends and benefit increases, Friendswood ISD officials are projecting a balanced budget for fiscal year 2026-27, according to an update presented at the July 13 board meeting.
The overview: The district projects $70.06 million in both revenues and expenditures for FY 2026-27, resulting in a balanced budget, according to district documents. Compared with the adopted FY 2025-26 budget, both revenues and expenditures are projected to increase by nearly $2.6 million, documents show.
What residents need to know: The district is also projecting a tax rate of $1.027 per $100 valuation of a home for FY 2026-27. Based on that rate, a homeowner with a median homestead taxable value of $424,611 would have an estimated annual property tax bill of about $4,400, budget documents show.
What’s next: Trustees are scheduled to hold a public hearing on the proposed FY 2026-27 budget and tax rate at 6:45 p.m. Aug. 24 in the FISD boardroom, located at 402 Laurel Drive, Friendswood.
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