At an Aug. 26 meeting, Lamar CISD trustees unanimously adopted a revised $534.1 million budget for the 2025-26 fiscal year, reflecting increases in state funding for public schools and potential losses in property tax revenue due to higher homestead exemptions. Trustees also approved the same tax rate for the third consecutive year.
Now, Chief Financial Officer Jill Ludwig said the district is reviving previously-cut projects—including facility improvement projects, transportation-related expenses, classroom materials and campus security upgrades—with an anticipated $875,000 in excess revenue, up from the initial projection of $545,000.
What’s changing: The district’s revised general fund revenue is now projected at $535.8 million, with expenditures totaling $535 million, Ludwig said.
The financials: The board approved a $1.1469 per $100 of valuation tax rate that includes:
- $0.6669 for maintenance and operations, or M&O
- $0.48 for interest and sinking, or I&S
Taking a step back: Prior to the amending of the budget, the board approved both state and district-subsidized staff raises.
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