Quicklinks
Sign up for eBlast
NBISD’s Board approves 2019-2020 budget, pay raises
06/25/2019

The New Braunfels Independent School District Board of Trustees approved the 2019-2020 budget, during their regular monthly meeting held on June 24 in the NBISD Education Center Boardroom. The 2019-2020 fiscal year for NBISD begins July 1, 2019.


The Board approved a budget of $97 million, which is 7.1 percent more than last year’s budget of $90.6 million. The newly adopted budget includes a general operating fund of $75.7 million, a food service fund of $3.5 million and a debt service fund of $17.8 million. 

 

The 2019-2020 general operating fund is approximately $4.4 million more or 6.1 percent higher than in 2018-2019 and the food service fund had an increase of 2.9 percent. The debt service fund saw an increase of 12.6 percent due to recent bond sales.

 

The approved budget included a pay increase of 3.5 percent on the midpoint for teachers, librarians, nurses and counselors and 3 percent on the midpoint for all other employees.

 

The Board also adopted a teacher and librarian hiring schedule that includes a starting salary of $51,000 for those with a bachelor’s degree and $52,500 for those with a master’s degree.

 

According to NBISD Superintendent Randy Moczygemba, the elements of this budget took extra effort due to the recent passage of legislation at the state level. Due to the new laws, state funding formulas and compensation guidelines, the administration had to put together the budget with several factors yet to be determined. The Board held a series of workshops over the past few months to discuss the budget before it was approved.

 

“Every school district received differing amounts of money through this new funding formula. The new funding formula is very complex and has had different results for every district across the state,” said Moczygemba. “Regardless, the decision was made locally to provide all of our employees with an increase that is comparable to what we have budgeted in the past and in line with what area school districts are providing.”

 

On June 24, the Board also held a public hearing to discuss the proposed tax rate of $1.30580 per $100 property valuation for the 2019 tax year. The proposed tax rate includes $0.97 for Maintenance and Operation (M&O) and $0.3358 for Interest and Sinking (I&S) that goes towards paying bond debt.

 

An NBISD homeowner will pay an average of $3,069.50 in annual taxes on a home valued at $264,301 – the average market value of residences in NBISD. This equates to an average increase of $85.94 a year. The official order adopting the tax rate will be voted on during the August 19th Board meeting.


For more information, visit the NBISD Fiscal Information webpage at http://www.nbisd.org/page/bus.fiscal.


Copyright © 2019 - New Braunfels ISD

powered by ezTaskTitanium TM