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Grapevine-Colleyville ISD officials presented an updated budget projection for the 2026-27 fiscal year, which could result in a surplus.
Trustees received the update, along with three different compensation adjustment models from a Texas Association of School Boards representative, during the May 18 meeting.
What you need to know: Based on the preliminary budget presented, net revenues for the FY 2026-27 general fund could be nearly $147.37 million, Chief Financial Officer Carla Settle said. Projected general fund expenditures are $147.28 million.
This would result in a projected surplus of $91,112 in the general fund, according to Settle’s presentation.
Diving deeper: GCISD officials also presented updated staffing reduction numbers as part of the budget projection. Based on the new figures, the district could save nearly $5.24 million through targeted reductions for FY 2026-27.
Looking ahead: Trustees are expected to hold a public hearing and adopt the budget at the June 15 meeting.
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